Daniel Mackle Sr. Barred by Securities Regulators

The SEC Reportedly Bars Daniel Mackle Sr. in Connection with Silver Edge Funds  

According to public documents, the Securities and Exchange Commission has barred financial advisor Daniel Mackle Sr. (CRD#: 2239531) as of March 3, 2023.  

The Securities and Exchange Commission’s charges are in connection with Daniel J. Mackle, Sr and his alleged sale of membership interests in two pooled investment vehicles – the Silver Edge Pre-IPO Fund LLC and the Silver Edge Venture Fund LLC that were purportedly formed to invest in pre-IPO securities.   

Since January 2019, Silver Edge and its CEO, Daniel Mackle, allegedly procured interests in a portfolio of pre-IPO shares which they offered to investors as membership interests in the Silver Edge Funds.   

According to the charges, Silver Edge is the Manager of the Silver Edge Funds and Mackle was reportedly the sole member of Silver Edge. During the relevant period, Silver Edge and Mackle purportedly sold over $65 million worth of interests in the Silver Edge Funds to investors with the assistance of a sales force of unregistered brokers. These agents allegedly marketed and sold series interests in the Silver Edge Funds nationwide and were reportedly paid management fees as a percentage of the amounts sold. Working as an unregistered broker is in direct violation of Section 15(a) of the Exchange Act.  

According to Daniel Mackle Sr.’s broker report, he will be required to pay a fine of $975,000 and disgorgement in the amount of more than $2.25 million, among other sanctions. Mackle reportedly has three customer complaints filed against him according to his broker record. Allegations include unauthorized, excessive trading, misrepresentation and failure to supervise, among others.  

Daniel Mackle Sr. – FINRA BrokerCheck Profile       

The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.       

BrokerCheck provides investors with detailed information about the professional history, qualifications, and regulatory actions of brokers and brokerage firms. Investors can use the tool to verify whether a broker or brokerage firm is registered with FINRA, as well as to review their employment history, licensing status, and any regulatory actions or complaints filed against them.       

According to Daniel Mackle Sr.’s FINRA BrokerCheck profile, he was affiliated with the following firms among others, during his career:    

06/11/2019 – 07/20/2020, MD GLOBAL PARTNERS, LLC (CRD#:140988), Hackensack, NJ,   

B, 08/26/2008 – 03/06/2019, GARDEN STATE SECURITIES, INC. (CRD#:10083), HACKENSACK, NJ  

FINRA Attorneys to Recover Investment Losses      

When brokers violate securities laws, such as making unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. FINRA arbitration is generally a faster and less expensive alternative to traditional litigation.       

If your broker has defrauded you, you may be able to file a claim with FINRA to seek resolution through arbitration. FINRA arbitration can be a complex and technical process, and having an experienced attorney who is knowledgeable about securities law can greatly increase your chances of success.           

The FINRA attorneys at the White Law Group can help you with many aspects of the arbitration process including evaluating the merits of your claim and determining whether you have a strong case for arbitration.           

The White Law Group can assist you in drafting a statement of claim that accurately reflects the allegations of fraud and the damages you are seeking. They will also represent you at the arbitration hearing, present evidence and make arguments on your behalf. They may be able to negotiate a settlement for you before going to arbitration.      

If you have suffered losses investing with Daniel Mackle Sr., the securities attorneys at the White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510
               
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to helping investors in claims in all 50 states against their financial professional or brokerage firm. Since the firm launched in 2010, it has handled over 700 FINRA arbitration cases.          

Our firm represents investors in all types of securities related claims, including claims involving stock fraud, broker misrepresentation, churning, unsuitable investments, selling away, and unauthorized trading, among many others.           

With over 30 years of securities law experience, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions attempt to recover their investment losses.  For more information, please visit our website, whitesecuritieslaw.com.