Investor Alert > David Dill & Philip Farese— Alleged Unsuitability & Unauthorized Trades
Posted Nov 29, 2018
by Alan Rosca

David Dill & Philip Farese— Alleged Unsuitability & Unauthorized Trades

David L. Dill & Philip James Farese, Jr. Allegedly Engaged in Acts of Unsuitability & Unauthorized Trades; Damages of $1.2 Million Requested

David Dill & Philip Farese allegedly engaged in acts of unsuitability and unauthorized trades, according to a pending Customer Dispute filed on Dill and Farese’s respective FINRA BrokerCheck Reports under review by investor rights attorney Alan Rosca.

The aforementioned dispute was filed on October 23, 2018, FINRA states, and claims that Dill and Farese allegedly placed a client in unsuitable energy investments and executed trades without consulting with the client. The period of action was allegedly from February 27, 2013 until August 31, 2018, FINRA notes.

Alan Rosca, of the Rosca Scarlato LLC law firm, is investigating activity related to David Dill & Philip Farese’s alleged acts of unsuitability and unauthorized trading. Investors who believe they may have lost money in activity related to David Dill & Philip Farese’s alleged acts of unsuitability and unauthorized trading are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

David Dill & Philip Farese Worked for Wells Fargo Clearing Services, LLC in Merrillville, IN since 2008 & 2009 Respectively

David Dill has 3 disclosures in his 20 years in the securities industry, and has worked for two different firms, FINRS notes. Dill has been registered with Well Fargo Clearing Services, LLC in Merrillville, IN since January 1, 2008, FINRA notes.

Dill also worked for A.G. Edwards & Sons, Inc. in Chesterton, IN from May 18, 1998 until January 3, 2008, FINRA states.

Philip Farese, meanwhile, has only one disclosure on his record in his 9 years in the securities industry, and has worked for Wells Fargo Clearing Services, LLC in Merrillville, IN since June 5, 2009, FINRA reports. Farese has worked for no other firms, FINRA reports.

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.

Securities Lawyer Investigating

The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating David Dill & Philip Farese’s alleged acts of unsuitability and unauthorized trading. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of David Dill & Philip Farese’s alleged acts of unsuitability and unauthorized trading may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.

Contact us. All evaluations are free

DISCLAIMER

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.

If you believe you lost money as a result of investment-related fraud or misconduct, please contact our law firm for a free, no-obligation evaluation of your recovery options.

Contact us at 888‑998‑0530 or through the contact form on this page.
No recovery, no fees.*

How to contact us?

We can also do a Zoom call to discuss your matter.