David Geake Facing Allegations Of Breach Of Fiduciary Duty

Investors have come forward with complaints about securities broker David Richard Geake (CRD: 3088891, Northbrook, Illinois). Evidently, the securities broker, who worked for Ausdal Financial Partners Inc., discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Ausdal Financial Partners Inc. clients allege that Geake breached a fiduciary duty, breached a contract, and violated state securities laws. For more on these disclosures about Geake, see below.

Geake Discloses Breach Of Fiduciary Duty Allegations By Ausdal Financial Partners Inc. Client

Supposedly, on April 18, 2023, an Ausdal Financial Partners Inc. client filed FINRA Arbitration: 23-00935 about David Geake. Namely, the client alleged that Geake breached a fiduciary duty, breached a contract, and violated state securities laws. Because of this, the client allegedly sustained damages on GWG L bonds. Therefore, the client requested $25,000 in compensation from Ausdal Financial Partners Inc. or Geake. Evidently, this arbitration is pending a resolution.

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

Supposedly, on January 17, 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 a fiduciary duty, made misrepresentations, and breached a contract. Because of this, the client allegedly sustained damages on GWG L bonds. Therefore, the client requested $29,000 in compensation from Ausdal Financial Partners Inc. or Geake. Evidently, this arbitration is ongoing.

Geake Discloses Breach Of Fiduciary Duty Allegations By Ausdal Financial Partners Inc. Client

Specifically, a client of Ausdal Financial Partners Inc. contested David Geake’s sales practices by filing FINRA Arbitration: 22-02904 on December 29, 2022. Allegedly, Geake breached a fiduciary duty, breached a contract, failed to perform due diligence, and made misrepresentations. It appears that Geake caused the client to sustain damages on Gladstone Land Fund and GWG L bonds. Therefore, the client requested compensation from Ausdal Financial Partners Inc. or Geake in the amount of $376,000.

Madison Avenue Securities LLC Investor Accuses David Geake Of Unsuitable Recommendations

Also, a Madison Avenue Securities LLC client filed FINRA Arbitration: 21-01620 about David Geake. Namely, the client alleged that Geake gave unsuitable advice. Because of this, the client allegedly sustained damages on Hospitality Investors Trust. Therefore, on November 29, 2021, Madison Avenue Securities LLC settled this matter by paying the client $450,000 in damages.

Ausdal Financial Partners Inc. Terminates Geake

Supposedly, 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 Employment Information

• Geake has worked for American Trust Investment Services Inc. in Northbrook, Illinois, as a securities broker since September 14, 2018.
• Geake has worked for American Trust Investment Services Advisory Inc. in Northbrook, Illinois, as a financial advisor since September 17, 2019.
• Geake worked for Ausdal Financial Partners Inc. in Northbrook, Illinois, as a securities broker from February 29, 2016, to September 17, 2018.
• Geake worked for Ausdal Financial Partners Inc. in Northbrook, Illinois, as a financial advisor from March 10, 2016, to September 17, 2018.

Did Ausdal Financial Partners Inc. Securities Broker David Geake Cause You To Experience Damages?

Did you sustain damages through David Geake? If you have, reach out to Soreide Law Group at (888) 760-6552 and talk with a securities lawyer about a possible recovery of your losses. Soreide Law Group, who has effectively recovered money for investors across 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 misconduct.