Investors Dispute Broke David Geake

Investors have come forward with complaints about David Geake (also known as David Richard Geake) (CRD: 3088891, Northbrook, Illinois). Particularly, the securities broker, who worked for Ausdal Financial Partners Inc., discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Particularly, Ausdal Financial Partners Inc. clients allege that Geake failed to perform due diligence, breached fiduciary duties, made misrepresentations of material fact, and breached a contract. For more on these disclosures about Geake, see below. However, keep in mind that Geake denies the allegations against him.

Ausdal Financial Partners Inc. Investor Accuses David Geake Of Misrepresentation

Evidently, on January 11, 2023, an Ausdal Financial Partners Inc. client filed FINRA Arbitration: 23-00094 about David Geake. Namely, the client alleged that Geake failed to perform due diligence, breached fiduciary duties and a contract, and misrepresented information. Because of this, the client allegedly sustained damages on GWG L Bonds. Therefore, the client requested $39,000 in compensation from Ausdal Financial Partners Inc. or Geake. BrokerCheck shows that this arbitration is pending a resolution.

Geake Discloses Unsuitable Trading Allegations By American Trust Investment Services Inc. Client

Also, a client of American Trust Investment Services Inc. contested David Geake’s sales practices by filing FINRA Arbitration: 22-01893. Allegedly, Geake engaged in unsuitable trading and made misrepresentations of material fact. It appears that Geake caused the client to sustain damages on GWG L Bonds. Therefore, American Trust Investment Services Inc. opted to settle the matter on December 28, 2022, by compensating the client in the amount of $14,000.

Ausdal Financial Partners Inc. Investor Accuses David Geake Of Unreasonable Due Diligence

Additionally, on December 20, 2022, an Ausdal Financial Partners Inc. client filed FINRA Arbitration: 22-02904 about David Geake. Namely, the client alleged that Geake breached fiduciary duties, made misrepresentations of material fact, failed to perform due diligence, and breached a contract. Because of this, the client allegedly sustained damages on GWG L Bonds. Therefore, the client requested $76,000 in compensation from Ausdal Financial Partners Inc. or Geake. BrokerCheck shows that this arbitration is pending a resolution.

Geake Discloses Private Securities Transactions Allegations By Madison Avenue Securities LLC Client

Also, a Madison Avenue Securities LLC client filed FINRA Arbitration: 21-01177 about David Geake. Namely, the client alleged that Geake engaged in private securities transactions. Because of this, the client allegedly sustained damages on investments in the securities broker's private company. Therefore, on September 16, 2022, Madison Avenue Securities LLC settled this matter by paying the client $375,000 in damages.

David Geake Discloses Unsuitable Recommendations Allegations By American Trust Investment Services Inc. Client

Evidently, a client of American Trust Investment Services Inc. contested David Geake’s sales practices by filing FINRA Arbitration: 21-01137. Allegedly, Geake made unsuitable recommendations. It appears that Geake caused the client to sustain damages on direct investments (DPPs and LPs). Therefore, American Trust Investment Services Inc. opted to settle the matter on April 13, 2022, by compensating the client in the amount of $125,000.

Madison Avenue Securities LLC Investor Accuses Geake Of Unsuitable Advice

Additionally, a Madison Avenue Securities LLC client filed FINRA Arbitration: 21-01620 about David Geake. Namely, the client alleged that Geake made unsuitable recommendations. Because of this, the client allegedly sustained damages on direct investments (DPPs and LPs) and real estate securities. Therefore, on November 29, 2021, Madison Avenue Securities LLC settled this matter by paying the client $450,000 in damages.

David Geake Terminated For Private Securities Transactions

Also, on September 14, 2018, Ausdal Financial Partners Inc. disaffiliated with Geake. Evidently, Ausdal Financial Partners Inc. alleged that Geake engaged in private securities transactions.

Geake’s Recent Employment Information

• Geake has worked for American Trust Investment Services Inc. in Northbrook, IL, as a securities broker since September 14, 2018.
• Geake has worked for American Trust Investment Services Advisory Inc. in Northbrook, IL, as a financial advisor since September 17, 2019.

Damages Resulting From Ausdal Financial Partners Inc. Securities Broker David Geake?

Have you experienced damages because of David Geake? If so, contact Soreide Law Group at (888) 760-6552 and talk with a securities lawyer about potentially recovering your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Geake and brokerage firms Geake worked for deny any and all allegations of sales practice violations.