Investors potentially experienced sales practice violations due to securities broker David Charles Heide (also known as Dave Heide) [CRD: 2112032, Palos Heights, Illinois], according to publicly available information on FINRA BrokerCheck. Evidently, David Heide has been registered with RBC Capital Markets LLC since November 1, 2016, where he works as both a broker and investment adviser. Read below for details about the disclosures involving David Heide.
Particularly, on August 20, 2025, an RBC Capital Markets client filed a complaint about David Heide. Mainly, the client alleged that Heide made misrepresentations of material fact regarding portfolio allocations connected to a hedge fund investment in November 2020. Because of this, the investor allegedly sustained damages. As a result, the client requested $5,000 in compensation from RBC Capital Markets or Heide.
Additionally, a client of RBC Capital Markets contested David Heide’s sales practices, according to a complaint dated August 24, 2020. It was alleged that Heide did not follow the client’s instructions and sold a stock that was supposed to stay restricted within the client’s advisory-managed account. It appears that Heide allegedly caused the client to sustain damages linked to stocks. Consequently, the client sought compensation from RBC Capital Markets or Heide in the amount of $80,000 in this matter. However, the firm denied this complaint.
Do you have concerns or questions regarding investments you made with David Heide? You should contact Soreide Law Group online or at (888) 760-6552 and talk to a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Heide and brokerage firms Heide worked for deny accusations of sales practice violations.
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