Soreide Law Group has obtained a judgement on behalf of their client (Claimant) against:
SW Financial, and their former registered representative, David Hilton Page (Respondents).
The Claimant asserted the following causes of action: fraud; churning; negligence; misrepresentations; deception; breach of fiduciary duty; and negligent supervision. This was related to various securities.
The Claimant requested compensatory damages in the amount of $135,000.00 plus punitive damages and fees.
The Respondents, SW Financial and David Hilton Page, did not file properly executed Submission Agreements but are required to do so. Nor did the Respondents, SW Financial and David Hilton Page, file Statements of Answer. The Arbitrator determined that Respondents, SW Financial and Page are therefore bound by the Arbitrator’s ruling and determination.
On June 14, 2024, the Claimant filed a Motion for Default Proceedings against Respondents, SW Financial and David Hilton Page to which no response was filed.
The Respondents, SW Financial and David Hilton Page, are liable for the sum of $135,000.00 in compensatory damages.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, David Hilton Page was previously registered both as a broker and as an investment advisor. Page is currently not registered. He was in the securities industry for 24 years and was listed with 11 firms. David Page has 8 Disclosures on his FINRA CRD report dating back to 2010, and 5 of the Disclosures are “Customer Disputes.” The significance of Page’s FINRA Customer Complaints is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of 3 or more customer complaints. In other words Page’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints.
David Hilton Page was with SW Financial of Melville, New York from 05/19/2023 - 07/31/2023. FINRA expelled the firm on 05/12/2023. After SW Financial, Page was with SPARTAN CAPITAL SECURITIES of New York, New York from 05/19/2023 - 07/31/2023.
If you’ve experienced financial losses due to your broker/financial advisor’s actions or recommendations, contact Soreide Law Group and speak to an experienced securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA on a contingency fee basis, no fee if no recovery.
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