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.
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.
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.
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.
Artificial intelligence stocks have attracted tremendous investor interest, but many emerging AI companies also carry significant risk. If your financial advisor recommended shares of Blaize Holdings, Inc. (NASDAQ: BZAI) without fully explaining those risks, you may have options to recover your investment losses through FINRA arbitration. Blaize Holdings develops edge AI computing technology for commercial […]
Federal regulators have settled fraud charges against Phoenix American Hospitality, a Dallas-based manager of hotel investment funds, and its president, William Lee "Perch" Nelson. According to the Securities and Exchange Commission (SEC), the company raised approximately $86 million from more than 2,000 retail investors. They allegedly made false statements about the funds' hotel holdings and […]
JOHN LAWRENCE ALEX (JOHN L ALEX) has been registered both as a broker and financial advisor with MORGAN STANLEY of Morristown, New Jersey, since11/15/2011. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOHN L ALEX has 36 years of experience in the securities industry and has been registered with 4 firms. Alex […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com