Investors File Disputes About David Geake

Soreide Law Group is investigating possible investor claims against securities broker David Richard Geake [CRD#: 3088891, Northbrook, Illinois]. Specifically, FINRA BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Ausdal Financial Partners and Madison Avenue Securities. Evidently, one or more clients allege sales practice violations in these disputes, including unsuitable transactions, breach of contract, failure to supervise, and breach of fiduciary duty. Here is a brief summary of the disclosures about Geake. However, please note that the securities broker denies the allegations.

Ausdal Financial Partners Client Accuses David Geake Of Unsuitable Transactions

Specifically, on August 15, 2022, an Ausdal Financial Partners client filed FINRA Arbitration #: 22-01706 about David Geake. Namely, the client alleged unsuitable transactions, breach of contract, failure to supervise, and breach of fiduciary duty. Supposedly, the client sustained damages relating to purchases or sales of GWG L-Bonds. Therefore, the client requested $130,000 in compensation from Ausdal Financial Partners or Geake. Evidently, this arbitration is pending a resolution.

Geake Allegedly Breaches Contract

Also, on August 15, 2022, an Ausdal Financial Partners client filed FINRA Arbitration #: 22-01680 about David Geake. Specifically, the client alleged failure to supervise, breach of contract, and unsuitable recommendations. Because of this, the client allegedly sustained damages relating to purchases or sales of real estate securities, direct investments, and GWG L-Bonds. Therefore, the client requested $530,000 in compensation from Ausdal Financial Partners or Geake. Evidently, this arbitration is pending a resolution.

Client Of Madison Avenue Securities Accuses David Geake Of Negligence

Evidently, on April 4, 2022, an American Trust Investment Services and Madison Avenue Securities client filed FINRA Arbitration #: 22-00572 about David Geake. Particularly, the client alleged breach of contract, negligence, breach of fiduciary duty, negligence, and violation of FINRA rules. Because of this, the client allegedly sustained damages relating to purchases or sales of GWG L-Bonds. Therefore, the client requested $965,793 in compensation from Madison Avenue Securities, American Trust Investment Services, or Geake. Evidently, this arbitration is pending a resolution.

Madison Avenue Securities Client David Geake Of Unsuitable Recommendations

Also, a client of Madison Avenue Securities contested David Geake's sales practices by filing FINRA Arbitration #: 21-01620 on September 20, 2021. Notably, accusations against the securities broker include unsuitable recommendations. Allegedly, the real estate securities and direct investments that Geake sold or recommended resulted in damages. Therefore, Madison Avenue Securities opted to settle the matter on November 29, 2021, by compensating the client in the amount of $450,000. Still, the broker denies the allegations against him.

American Trust Investment Services Client Accuses David Geake Of Breach Of Fiduciary Duty

Additionally, on May 13, 2021, an American Trust Investment Services and Madison Avenue Securities client filed FINRA Arbitration #: 21-01137 about David Geake. Specifically, the client alleged breach of fiduciary duty and unsuitable recommendations. Because of this, the client allegedly sustained damages. Therefore, on November 18, 2021, the securities firm(s) settled this matter by paying the client $40,000.

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

Have you experienced damages by investing with David Geake? 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 Geake and the brokerage firms Geake has associated with deny any and all allegations of sales practice violations.