Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker David Paul Wilson Jr. (also known as David P. Wilson Jr., David Wilson) [CRD: 2298962, Haverford, Pennsylvania]. Wilson has accumulated 32 years of experience in the securities industry and has been associated with seven different firms during his career. As of December 2024, he is registered with OSAIC Institutions Inc. in Haverford, Pennsylvania.
Recent disclosures reveal several concerns regarding Wilson’s professional conduct, including a client dispute, a regulatory action, and employment termination following allegations of misconduct.
On December 18, 2023, a client of J.P. Morgan Securities LLC filed an arbitration claim, alleging that Wilson executed trade instructions provided by an unauthorized party between January 2021 and March 31, 2021. The claim sought $700,000 in damages.
On July 23, 2024, J.P. Morgan Securities settled the case for $300,000. Wilson himself did not contribute to the settlement. The nature of the alleged unauthorized transactions remains undisclosed, and Wilson denies any wrongdoing.
Wilson’s employment at JPMorgan Chase Bank, N.A. was terminated on November 6, 2024. The firm cited his use of unapproved communication channels for business purposes despite affirming that he would only use firm-approved channels. JPMorgan Chase stated that Wilson continued to use these unauthorized communication methods even after an internal review was initiated in April 2024.
Wilson acknowledged the allegations but asserted that his actions were not related to any client complaints. Nevertheless, JPMorgan Chase discharged him for violating firm policies.
Looking for more information about David Wilson? If so, reach out to Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney. The team at Soreide Law Group works on a contingency basis, advances all costs, and assists investors across the country with recovering losses from sales practice misconduct. Wilson and the firms he worked for deny accusations of sales practice violations.
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