FINRA Sanctions Dave McDonnell

Soreide Law Group is investigating possible investor claims against securities broker Dave McDonnell (also known as David Robert McDonnell) [CRD: 1757401, Laguna Beach, CA]. Notably, FINRA sanctioned the securities broker, who worked for TCFG Wealth Management LLC. Allegedly, McDonnell failed to provide information and documents to FINRA when it investigated potential FINRA rule infractions. Here is a brief summary of FINRA’s allegations against Dave McDonnell.

FINRA Sanctions McDonnell For Failure To Provide Information

Evidently, on March 22, 2022, FINRA issued Case: 2022073798801 sanctioning Dave McDonnell for infractions. Specifically, McDonnell was barred, so he cannot work as a broker and in other capacities for FINRA-member firms. Supposedly, McDonnell failed to provide information and documents to FINRA when it investigated potential FINRA rule infractions. FINRA rules compel brokers to cooperate in investigations or else face sanctions including expulsion as securities broker. The investigation concerned McDonnell’s termination as a securities broker because of allegedly undisclosed private securities transactions.

TCFG Wealth Management LLC Disaffiliates With Dave McDonnell For Private Securities Transactions

Also, on December 31, 2021, TCFG Wealth Management LLC disaffiliated with McDonnell. Mainly, TCFG Wealth Management LLC alleged that McDonnell engaged in private securities transactions.

McDonnell Employment Information

McDonnell worked for TCFG Wealth Management LLC in Laguna Beach, CA, as a securities broker from January of 2016 to January of 2022.

Damages Resulting From TCFG Wealth Management LLC Securities Broker Dave McDonnell?

Have you experienced damages because of securities broker Dave McDonnell? Get in touch with 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. The firm will take the time to fully understand your situation and will carefully explain your legal options. McDonnell and brokerage firms Dave McDonnell worked for deny any and all allegations of sales practice violations.