Daniel Kasbar- Engaged in Outside Business Activity and Refused to Cooperate with Investigation

Daniel Kasbar Allegedly Participated in Business Outside of HD Vest Investment Securities and LPL Financial LLC

Daniel Kasbar formerly a registered representative for HD Vest Investment Services (“HD Vest”), and LPL Financial LLC (“LPL”) consented, without admitting or denying the allegations, to findings that he engaged in an outside business activity beyond the scope of approvals from HD Vest and LPL, according to FINRA documents currently under review by securities lawyers, Peiffer Rosca Wolf.

Kasbar accepted and consented to the entry of specific findings by FINRA contained within the Letter of Acceptance, Waiver, and Consent (AWC), without admitting or denying FINRA’s findings of fact. FINRA’s entry of findings alleged that Kasbar engaged in an outside business activity beyond the scope of approvals from HD Vest and LPL.

Daniel Kasbar Barred from Securities Related Business

FINRA Rules provide that no member or registered person may be an employee, independent contractor, sole proprietor, officer, director or partner of another person, or be compensated, or have the reasonable expectation of compensation, from any other person as a result of any business activity outside the scope of the relationship with his or her member firm, unless he or she has provided prior written notice to the member, in such form as specified by the member.

Daniel Kasbar also allegedly failed to cooperate in the FINRA investigation. FINRA’s entry further alleged that although in receipt of FINRA’s request for Kasbar’s participation in the investigation, Kasbar allegedly did not provide the requested documents and information at any time during the course of FINRA’s investigation.  Kasbar is barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any and all capacities.

Securities Lawyers Investigating

Peiffer Rosca Wolf investor rights attorneys are currently investigating the alleged real estate dealings of Daniel Kasbar.

Peiffer Rosca Wolf attorneys take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Daniel Kasbar outside business activity, may contact the investor rights attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1157 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.