Davin Carey Involved In Avantax Investment Services Investor’s Unsuitable Advice Dispute

Investors potentially incurred losses because of securities broker Davin J. Carey [CRD: 5413012, Oxnard, California], according to publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Carey worked for Avantax Investment Services Inc. from December 17, 2007, to September 5, 2025, and Avantax Advisory Services from August 22, 2008, to September 5, 2025, before registering with Cetera Wealth Services LLC and Cetera Investment Advisers LLC on September 5, 2025. Investors are encouraged to continue reading to learn more about the disclosures involving Carey.

Avantax Investor Accused Carey Of Sales Practice Violation

Evidently, an Avantax Investment Services Inc. client filed FINRA Arbitration No. 24-00614 about Davin Carey. Mainly, the client alleged that Carey made unsuitable recommendations. Because of this, the client allegedly sustained damages connected to direct investments. Consequently, on May 14, 2025, Avantax Investment Services Inc. settled this matter by paying the client $50,000 in damages.

Davin Carey Disclosed Unsuitable Recommendations Allegations By Avantax Client

Specifically, a client of Avantax Investment Services Inc. disputed Davin Carey’s sales practices, according to a complaint. Allegedly, Carey made unsuitable recommendations. It appears that Carey caused the client to sustain damages linked to direct investments. Therefore, Avantax Investment Services Inc. opted to settle the matter on June 12, 2023, by compensating the client in the amount of $41,000.

Did You Sustain Losses Because Of Securities Broker / Financial Advisor Carey?

Are you concerned about investments you made through Davin Carey? Get in touch with Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the US. Also, the firm represents investors on a contingency fee basis and advances all costs. Carey and brokerage firms Carey worked for deny allegations of sales practice violations.