The Soreide Law Group, PLLC, (888) 760-6552, has obtained he following information on FINRA’s website under “Disciplinary and Other FINRA Actions, August, 2013.”
David Albert Urovsky (CRD #1806732, Registered Principal, Rockville, Maryland)
was fined $5,000 and suspended from association with any FINRA member in any capacity for one month. FINRA took into account the sanctions imposed by the Maryland Securities Commissioner against Urovsky for the same conduct. Without admitting or denying the findings, Urovsky consented to the described sanctions and to the entry of findings that he borrowed a total of $400,500 from his member firm customers, and did not seek or obtain the firm’s approval before entering into the loans.
FINRA's findings stated that Urovsky paid off the loans except for one of them for which another registered representative of the firm, who was a co-signer on the original note, assumed full responsibility for repayment of the remaining debt to the customer.
These FINRA findings also stated that Urovsky used $350,500 from the loans to acquire financial advisory practices from departing firm colleagues. The firm knew about Urovsky’s intention to purchase those practices, but not the loans he obtained from firm customers. Urovsky used $50,000 from the loans for personal expenditures.
The suspension is in effect from August 1, 2013, through August 31, 2013. (FINRA Case #2011028731401)
David Albert Urovsky was previously registered with FINRA at the following brokerage firms:
RAYMOND JAMES FINANCIAL SERVICES, INC.
CRD# 6694
PONTE VERDA BEACH, FL
09/2002 - 08/2011
H. BECK, INC.
CRD# 1763
BETHESDA, MD
02/1995 - 09/2002
CALVERT SECURITIES CORPORATION
CRD# 14035
BETHESDA, MD
08/1993 - 12/1994
This ends the information obtained from FINRA's website.
Call Soreide Law Group for a free consultation with an attorney on how to potentially recover your losses: 888-760-6552.
The Soreide Law Group, PLLC, (888) 760-6552, has obtained he following information on FINRA’s website under “Disciplinary and Other FINRA Actions, August, 2013.”
David Albert Urovsky (CRD #1806732, Registered Principal, Rockville, Maryland)
was fined $5,000 and suspended from association with any FINRA member in any capacity for one month. FINRA took into account the sanctions imposed by the Maryland Securities Commissioner against Urovsky for the same conduct. Without admitting or denying the findings, Urovsky consented to the described sanctions and to the entry of findings that he borrowed a total of $400,500 from his member firm customers, and did not seek or obtain the firm’s approval before entering into the loans.
FINRA's findings stated that Urovsky paid off the loans except for one of them for which another registered representative of the firm, who was a co-signer on the original note, assumed full responsibility for repayment of the remaining debt to the customer.
These FINRA findings also stated that Urovsky used $350,500 from the loans to acquire financial advisory practices from departing firm colleagues. The firm knew about Urovsky’s intention to purchase those practices, but not the loans he obtained from firm customers. Urovsky used $50,000 from the loans for personal expenditures.
The suspension is in effect from August 1, 2013, through August 31, 2013. (FINRA Case #2011028731401)
David Albert Urovsky was previously registered with FINRA at the following brokerage firms:
RAYMOND JAMES FINANCIAL SERVICES, INC.
CRD# 6694
PONTE VERDA BEACH, FL
09/2002 - 08/2011
H. BECK, INC.
CRD# 1763
BETHESDA, MD
02/1995 - 09/2002
CALVERT SECURITIES CORPORATION
CRD# 14035
BETHESDA, MD
08/1993 - 12/1994
This ends the information obtained from FINRA's website.
Call Soreide Law Group for a free consultation with an attorney on how to potentially recover your losses: 888-760-6552.
Soreide Law Group is investigating potential investor claims involving Cambridge Investment Research following a FINRA disciplinary action concerning Unit Investment Trust (UIT) recommendations. In April 2026, FINRA censured Cambridge Investment Research after finding supervisory deficiencies involving certain UIT recommendations made to retail clients. Investors who incurred excessive fees, unnecessary costs, or other damages associated with […]
Soreide Law Group is investigating potential investor claims involving Infinity Financial Services after FINRA sanctioned the firm for supervisory failures involving deferred variable annuity exchanges and recommendations. Investors who incurred surrender charges or other losses in connection with variable annuity transactions recommended through Infinity should review the allegations that led to FINRA's disciplinary action against […]
Soreide Law Group is investigating potential investor claims involving losses in NextGenTech Investments LLC, a private fund managed by Sestante Capital LLC that purported to provide investors with economic exposure to shares of private companies, including Anduril Industries. Recent criminal proceedings involving Sestante Capital's manager have raised significant concerns regarding the offering, the representations made […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com