Investor Lawsuit Investigation – Dean S. Dellas
The White Law Group is investigating potential securities fraud claims involving Dean Speros Dellas (CRD#: 5596286), following a civil complaint filed by the Commodity Futures Trading Commission (CFTC) alleging a fraudulent scheme involving more than $690,000 in client funds.
According to his BrokerCheck report, Dellas was previously affiliated with T3 Trading Group, LLC, Pinnacle Investments, LLC, and Merrill Lynch. He has two disclosures on his record, including a pending civil action and a past employment separation involving failure to disclose a reportable event.
CFTC Fraud Allegations – Misappropriation of Client Funds
In May 2025, the CFTC filed a civil complaint alleging that from February 2021 to November 2023, Dean Dellas and his advisory firm DSD Capital Management LLC misappropriated more than $690,000 from two clients: a 61-year-old man and his 91-year-old mother. Dellas reportedly convinced the son to grant him expansive power of attorney and control over nearly all his retirement savings.
The CFTC alleges that Dellas then engaged in excessive, high-risk futures trading, resulting in over $169,000 in trading losses and commissions, which were concealed from the client. Despite promising to charge only performance-based fees, Dellas allegedly misappropriated over $235,000 through unjustified and unauthorized fees.
Dellas later extended the fraudulent scheme to the client’s elderly mother, executing tens of thousands of futures trades in her account without her knowledge, incurring more than $196,000 in losses and commissions. According to the complaint, Dellas also impersonated the client, directed brokers to suppress account statements, and transferred funds for his own personal use.
The CFTC alleges violations of multiple antifraud provisions of the Commodity Exchange Act and seeks restitution, penalties, and injunctive relief.
Risks to Investors – Abuse of Power and Senior Exploitation
The allegations against Dellas reflect significant risks associated with over-delegated authority, particularly for elderly or vulnerable investors. Unsuitable trading, misappropriation of funds, and concealment of losses may expose advisory firms to liability for failure to supervise.
Recovery Options for Affected Clients
Investors who suffered financial harm due to Dellas’ alleged misconduct may be able to pursue claims through FINRA arbitration or other legal avenues. The White Law Group is reviewing whether Dellas’ former firms breached supervisory duties that allowed this conduct to occur.
FINRA Arbitration vs. Class Action
FINRA arbitration is often a faster, more individualized alternative to class action lawsuits. It allows investors to recover losses based on their specific experiences and account activity.
Free Legal Consultation
If you invested with Dean Dellas or suspect you were a victim of fraud, call The White Law Group at 1-888-637-5510 for a free consultation. Our firm has handled over 800 FINRA arbitration cases nationwide and represents clients from offices in Seattle, WA and Chicago, IL.
Visit us at www.whitesecuritieslaw.com to learn more.
Frequently Asked Questions (FAQs) – Dean S. Dellas
What are the allegations involving Dean Dellas?
The CFTC alleges that Dellas misappropriated over $690,000 from two clients through excessive futures trading, unauthorized fund transfers, and misrepresentation of account activity. He is also accused of impersonating a client and concealing losses.
Can I recover losses if I invested with Dean Dellas?
Yes. Investors may be eligible to recover financial losses through FINRA arbitration or other legal proceedings if they were affected by Dellas’ misconduct.
How does FINRA arbitration work compared to a class action?
FINRA arbitration is a faster, private process that allows for individual claims tailored to specific investor losses. It typically results in higher individual recoveries than class action lawsuits.
Last modified: July 16, 2025
