Investors File Disputes About David Geake

Soreide Law Group is investigating possible investor claims against securities broker David Geake AKA David Richard Geake [CRD#: 3088891, Chicago, IL]. Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for American Trust Investment Services. Evidently, investors allege sales practice violations in these disputes, including that Geake made unsuitable transactions and misrepresentations. Here is a brief summary of the disclosures about Geake.

Geake Discloses Unsuitable Trading Allegations By American Trust Investment Services Client

Evidently, a client of American Trust Investment Services contested David Geake’s sales practices. The client filed FINRA Arbitration #: 22-01893 on August 21, 2022. Allegedly, Geake made unsuitable transactions and misrepresentations. Supposedly, the GWG L Bonds which Geake sold or recommended had caused the client to sustain damages. Therefore, the client seeks compensatory relief from American Trust Investment Services or Geake in the amount of $25,000 in this ongoing matter.

Ausdal Financial Partners Investor Accuses David Geake Of Unsuitable Trading

Also, on August 1, 2022, a Ausdal Financial Partners client filed FINRA Arbitration #: 21-0706 about David Geake. Notably, the client alleged that Geake made unsuitable transactions, breached a contract, failed to supervise, and breached a fiduciary duty. Because of this, the client sustained damages on GWG L Bonds. Therefore, the client requested $130,000 in compensation from Ausdal Financial Partners or Geake. Evidently, this arbitration is unresolved.

Geake Discloses Breach Of Contract Allegations By Ausdal Financial Partners Client

Also, a client of Ausdal Financial Partners contested David Geake’s sales practices by filing FINRA Arbitration #: 22-01680 on July 27, 2022. Allegedly, Geake made unsuitable recommendations, failed to supervise, breached a contract, and failed to perform due diligence. Supposedly, the DPPs and LPs which Geake sold or recommended had caused the client to sustain damages. Therefore, the client seeks compensatory relief from Ausdal Financial Partners or Geake in the amount of $530,000 in this ongoing matter.

Madison Avenue Securities, Ausdal Securities, and American Trust Investment Securities Investor Accuses David Geake Of Breach Of Fiduciary Duty

Evidently, on March 17, 2022, a Madison Avenue Securities, Ausdal Securities, and American Trust Investment Securities client filed FINRA Arbitration #: 22-00572 about David Geake. Namely, the client alleged that Geake breached a fiduciary duty, violated securities laws, violated FINRA rules, acted unethically, was negligent, and breached a contract. Because of this, the client sustained damages on GWG L Bonds. Therefore, the client requested $965,793 in compensation. Evidently, this arbitration is pending a resolution.

Geake Discloses Unsuitable Recommendations Accusations By Madison Avenue Securities Client

Also, a client of Madison Avenue Securities contested David Geake’s sales practices by filing FINRA Arbitration #: 21-01620. Allegedly, Geake made unsuitable recommendations. Supposedly, the DPPs and LPs and real estate securities which Geake sold or recommended had caused the client to sustain damages. Therefore, Madison Avenue Securities opted to settle the matter on June 24, 2021 by compensating the client in the amount of $450,000.

Damages Resulting From American Trust Investment Services Securities Broker David Geake?

Have you sustained damages because of investing through David Geake? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for investors in all 50 states, represents clients on a contingency fee basis and advances all costs. Geake and brokerage firms Geake was employed by deny any and all allegations of sales practice violations.