Did you lose money investing with Jason David (CRD# 6702639)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Jason David. If you suffered losses investing with Jason David, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of October 18, 2020, Jason David’s FINRA BrokerCheck Report contains the following:
BARRED: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
Disclosure Events
1 Regulatory Event(s)
See FINRA Disciplinary Proceeding No. 2017053669301 Complaint
See FINRA Disciplinary Proceeding No. 2017053669301 OHO Decision
1 Employment Separation After Allegations
UPDATE 10/18/2020: According to FINRA’s January 2019 Disciplinary Actions: “Jason Ryan David (CRD #6702639, Chicago, Illinois) November 27, 2018 – An OHO decision became final in which David was barred from association with any FINRA member in all capacities. The sanction was based on the findings that he possessed unauthorized study materials during, and cheated on, two Uniform Combined State Law (Series 66) examinations. The findings stated that David consulted a study guide during unscheduled exam breaks and changed his answers to several questions on the exams after consulting the study guide. (FINRA Case #2017053669301 Complaint and OHO Decision)”
Current and Previous Registrations
11/17/2016 – 05/31/2017 NATIONAL PLANNING CORPORATION (CRD#:29604) NAPERVILLE, IL
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Jason David and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.