David B. Min Facing Allegations of Excessive Trading & Unsuitability & Damages of $76K are being Requested
David Min is the subject of a pending customer complaint filed on October 9, 2018 alleging excessive trading and unsuitability and requesting $76,039.55 in damages, according to FINRA Reports under review by investor rights attorney Alan Rosca.
Alan Rosca, of the Rosca Scarlato LLC law firm, is investigating activity related to David Min’s excessive trading and unsuitability. Investors who believe they may have lost money in activity related to David Min’s excessive trading and unsuitability are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
David Min Allegedly Engaged in Unauthorized Trading & a Pending Complaint is Requesting Damages of $600K
David Min is the subject of a pending customer complaint filed on March 8, 2018 alleging alleging unauthorized trading, FINRA notes.
Said claim alleges that a client purchased a stock (the majority of which was purchased before clients transferred to WFG), FINRA notes. Said stock purchase reportedly doubled in value and client’s claim that representative allegedly did not sell when stock was up more than 7 figures, and they further allege that trades were unauthorized and that they never intended to trade on margin, FINRA states.
Min has been in the securities industry for 9 years with 8 different firms and has been registered with Woodstock Financial Group, Inc. in East Rutherford, NJ since March 24, 2016, FINRA states.
Brokerage firms such as Woodstock Financial have a responsibility to adequately supervise all of their registered representatives who are employed through their firm, to prevent violations of securities rules and regulations. Brokerage firms also must initiate action to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. If and when brokerage firms fail to adequately supervise their registered representatives, they may be held liable for investment losses sustained by customers.
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 Min’s unsuitable excessive trading and unsuitability. 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 Min’s unsuitable excessive trading and unsuitability 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.
