Soreide Law Group is investigating possible investor claims against securities broker Dana H. Davis [CRD#: 1707708, Boca Raton, Florida]. Specifically, FINRA BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Newbridge Securities Corporation, First Montauk Securities Corporation, and Gilford Securities. Evidently, one or more clients allege sales practice violations in these disputes, including omissions, misrepresentations, unsuitable recommendations, and overconcentration. Here is a brief summary of the disclosures about Davis. However, please note that the securities broker denies the allegations.
Dana Davis Allegedly Makes Omissions To Newbridge Securities Corporation Client
Evidently, on August 18, 2021, a Newbridge Securities Corporation client filed FINRA Arbitration #: 21-02133 about Dana Davis. Specifically, the client alleged omissions, misrepresentations, unsuitable recommendations, and overconcentration. Because of this, the client allegedly sustained damages relating to purchases or sales of alternative investments, including GPB. Therefore, the client requested between $100,000 and $500,000 in compensation from Newbridge Securities Corporation or Davis. Evidently, this arbitration is pending a resolution.
Newbridge Securities Corporation Client Accuses Davis Of Breach Of Fiduciary Duty
Also, on September 5, 2018, a Newbridge Securities Corporation client filed FINRA Arbitration #: 18-03022 about Dana Davis. Specifically, the client alleged breach of fiduciary duty, unsuitable transactions, negligence, and unsuitable margin use. Because of this, the client allegedly sustained damages relating to purchases or sales of stocks. Therefore, on September 20, 2021, Newbridge Securities Corporation settled this matter by paying the client $46,750. Still, the broker denies the allegations against him.
Dana Davis Allegedly Engages In Excessive Trading At Newbridge Securities Corporation
Additionally, a client of Newbridge Securities Corporation contested Dana Davis' sales practices by filing FINRA Arbitration #: 17-03175 on January 8, 2018. Notably, accusations against the securities broker include negligent supervision, excessive trading, unsuitable transactions, breach of fiduciary duty, and misrepresentations. Allegedly, the stocks and options that Davis sold or recommended resulted in damages. Therefore, Newbridge Securities Corporation opted to settle the matter on March 8, 2019, by compensating the client in the amount of $55,000.
First Montauk Securities Corporation Client Accuses Davis Of Breach Of Fiduciary Duty
Evidently, on October 10, 2007, a First Montauk Securities Corporation client filed FINRA Arbitration #: 07-02032 about Dana Davis. Specifically, the client alleged breach of fiduciary duty, churning, unauthorized trading, and negligence. Because of this, the client allegedly sustained damages relating to purchases or sales of over-the-counter equities. Therefore, on December 18, 2008, First Montauk Securities Corporation settled this matter by paying the client $75,000.
Dana Davis Allegedly Makes Unauthorized Transactions At Gilford Securities
Also, a client of Gilford Securities contested Dana Davis' sales practices by filing FINRA Arbitration #: 02-01787 on June 24, 2002. Notably, accusations against the securities broker include unauthorized transactions. Allegedly, the options and stocks that Davis sold or recommended resulted in damages. Therefore, Gilford Securities opted to settle the matter on February 7, 2003, by compensating the client in the amount of $35,000.
Did Newbridge Securities Corporation Securities Broker Dana Davis Cause You To Experience Damages?
Have you experienced damages by investing with Dana Davis? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. Please keep in mind that Davis and the brokerage firms Davis has associated with deny any and all allegations of sales practice violations.
