Soreide Law Group is investigating possible investor claims against David Cameron Monckton (CRD: 2252224, Columbia, South Carolina). Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Voya Financial Advisors Inc. Evidently, one or more investors alleged misconduct in these disputes, including that Monckton made unsuitable recommendations. Here is a brief summary of the disclosures about Monckton.
Notably, a Voya Financial Advisors Inc. client filed FINRA Arbitration: 20-02867 about David Monckton. Namely, the client alleged that Monckton provided unsuitable advice. Because of this, the client allegedly sustained damages on closed end funds. Therefore, on February 23, 2022, Voya Financial Advisors Inc. settled this matter by paying the client $60,000 in damages.
Also, a Voya Financial Advisors Inc. client filed FINRA Arbitration: 20-03471 about David Monckton. Namely, the client alleged that Monckton made unsuitable recommendations. Because of this, the client allegedly sustained damages on closed end funds and BDC (business development company) products. Therefore, on December 14, 2021, Voya Financial Advisors Inc. settled this matter by paying the client $14,999 in damages.
Specifically, a client of ING Financial Partners Inc. contested David Monckton’s sales practices by filing FINRA Arbitration: 10-03702. Allegedly, Monckton mismanaged investment accounts, provided unsuitable advice, breached a fiduciary duty, breached a contract, was negligent, failed to supervise certain representatives, acted unethically, made misrepresentations, and made omissions. It appears that Monckton caused the client to sustain damages on stocks and variable annuities. Therefore, ING Financial Partners Inc. opted to settle the matter on October 7, 2011, by compensating the client in the amount of $75,000.
Monckton worked for Voya Financial Advisors Inc. as a securities broker from November 2000 to June 2020 and as a financial advisor from January 2005 to June 2020. He has worked for Ameriprise Financial Services since June 2020 as a securities broker and financial advisor.
Sustained damages because of broker David Monckton? If you have, get in touch with Soreide Law Group at (888) 760-6552 and talk with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group, who has effectively recovered money for investors within all 50 states, represents clients on a contingency fee basis and advances all costs. Monckton and brokerage firms Monckton worked for deny any and all accusations of sales-related misconduct.
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