Soreide Law Group is currently investigating potential claims on behalf of investors who may have sustained financial losses due to the activities of securities broker David Wayne Karin (CRD#: 2486154, Westlake Village, California). Specifically, Karin has been registered with Western International Securities, Inc. since March 30, 2012. Moreover, he has been affiliated with IA Western International Securities since April 2, 2012. Evidently, Karin has faced allegations of misrepresentation and unsuitable recommendations. Here’s more.
Notably, on November 23, 2022, a Western International Securities client initiated FINRA Arbitration: 22-02652 concerning David Karin. Specifically, the client accused Karin of misrepresentation and making unsuitable recommendations related to corporate debt products. As a result of these allegations, the client purportedly sustained damages amounting to $1,220,000. The client is seeking this amount in compensation either from Western International Securities or Karin directly. This arbitration is still pending resolution.
A Chase Investment Services Corp. client filed a complaint dated August 27, 2012, about David Karin, accusing him of misrepresenting a variable annuity investment. The activity that led to the complaint supposedly occurred on July 2, 2007. Because of this, the client allegedly suffered financial losses of $53,117.45. Despite seeking relief, the complaint was denied and officially closed on October 10, 2012, without any monetary settlement.
On August 27, 2012, another Chase Investment Services Corp. client accused David Karin of misrepresentation in relation to a variable annuity investment, under FINRA Arbitration: 12-02858. The client alleged financial damages. The case was eventually settled on May 12, 2014. Chase Investment Services Corp. paid $47,500 in compensation to resolve the matter, without any financial contribution from David Karin.
Did you experience losses because of David Karin? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has recovered money for investors throughout the United States, works on a contingency fee basis, and advances all costs. Karin and brokerage firms he 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.
Phone:
Fax: 1-954-760-6553
Email: [email protected]