Investors possibly experienced losses because of securities broker David Wayne Karin [CRD: 2486154, Westlake Village, California], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Karin joined Western International Securities Inc. on March 30, 2012, as a securities broker. He started working as a financial advisor there shortly thereafter. The following information concerns David Karin’s disclosures.
Also, on March 18, 2024, a Western International Securities Inc. client filed FINRA Arbitration No. 24-00581 about David Karin. Supposedly, Karin breached his fiduciary duty. Because of this, the client allegedly sustained damages on corporate bonds. Because of this, the client requested $50,000 in compensation from Western International Securities Inc. or Karin. Currently, this arbitration is unresolved.
Notably, a client of Western International Securities Inc. contested David Karin’s sales practices by filing FINRA Arbitration No. 22-02652. Allegedly, Karin made misrepresentations about investment information. Supposedly, he also made unsuitable recommendations of corporate bonds. Therefore, Western International Securities Inc. opted to settle the matter on March 26, 2024, by compensating the client in the amount of $420,000.
Particularly, on August 27, 2012, a Chase Investment Services Corp. client filed a complaint about David Karin. Mainly, the client alleged that Karin misrepresented a variable annuity investment. For this reason, the client requested $53,117.45 in compensation from Chase Investment Services Corp. or Karin. However, the securities firm denied this dispute.
Evidently, a client of Chase Investment Services Corp. contested David Karin’s sales practices by filing FINRA Arbitration No. 12-02858. Allegedly, Karin misrepresented a variable annuity investment. As a result, Chase Investment Services Corp. opted to settle the matter on May 12, 2014, by compensating the client in the amount of $47,500.
Did you experience losses because of David Karin? If you have, reach out to Soreide Law Group online or at (888) 760-6552 and speak to a securities lawyer concerning a possible recovery. Soreide Law Group helps investors throughout the country, works on a contingency fee basis, and advances all costs. Karin and brokerage firms Karin worked for deny accusations of sales practice violations.
Moors & Cabot, Inc. (CRD 594) is a brokerage firm based in Boston, Massachusetts. FINRA censured and fined the firm $125,000 after finding it failed to develop and implement an anti-money laundering compliance program reasonably expected to detect and report suspicious transactions, according to an AWC issued August 24, 2026.
Cowen and Company, LLC (CRD 7616), now part of TD Securities (USA) LLC, is a brokerage firm based in New York, New York. FINRA censured and fined the firm a total of $80,000, of which $40,000 is payable to FINRA, according to an AWC issued August 19, 2026.
Webull Financial LLC (CRD 289063) is a brokerage firm based in New York, New York. FINRA censured and fined the firm $115,000 after finding it maintained inaccurate books and records of options order origin codes, according to an AWC issued August 17, 2026.
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