DAN EDWARD DROEG is currently employed as a Broker and/or Investment Adviser at H. BECK, INC. located at 1839 S. ALMA SCHOOL ROAD,, SUITE 175, MESA, AZ, 85210.

DAN EDWARD DROEG has worked at H. BECK, INC. since May 23, 2012

Disclosure History

DAN EDWARD DROEG has 2 Disclosure Event(s).

Date: November 18, 2016
Category: Customer Dispute
Allegations: Customer alleged that from 2012-16 Registered Representative recommended unsuitably over-concentrated and illiquid investments in numerous variable annuities for several Profit Sharing Plans and incorrectly reported the values and performance of the securities resulting in excess distributions, unnecessary fees and poor performance. Date of Activity - 07/24/2012-11/18/2016
Damage Amount Requested: $250,067.09
Settlement Amount: $75,000.00
Broker Comment: The Settlement was a total $75,000.00 with Woodbury paying $30,00.00, HBI paying $45,00.00. Registered representative met with his client on several occasions. All risks, including illiquidity risk, were fully disclosed and acknowledged in writing by the client. The investments were both appropriate and suitable given the clients objectives, risk tolerance and time horizon. We see no basis for these allegations.

Date: January 27, 2005
Category: Customer Dispute
Damage Amount Requested: $6,000.00
Settlement Amount: $18,043.79

More Information

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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

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