Previously registered Morgan Stanley broker Robert C. David Jr. has several customer dispute disclosures according to his FINRA Brokercheck page, under review by investor rights attorney Alan Rosca.
Attorney Alan Rosca and his colleagues at the Rosca Scarlato LLC law firm are currently investigating the allegations made in the customer disputes involving Robert C. David Jr. Investors who are concerned about their investments with broker Robert C David may reach out to an experienced attorney at Rosca Scarlato LLC for a free case evaluation and discussion of potential options by calling 888-998-0530, send an email to arosca@rscounsel.law, or through the contact form on this webpage.
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Nearly 400K Paid in Settlement to Robert David Investors Since 2020
In July 2020, a customer filed a dispute alleging inter alia failure to follow instructions with respect to investments made in his managed account. There was no specified amount for the alleged damages and in December 2020, the customer received a settlement to the tune of $60,000, as reported on David’s FINRA Brokercheck page.
One customer filed a dispute in April 2020 alleging inter alia and misrepresentation with respect to corporate bond investments. The customer was seeking $183,000 for the alleged damages and the dispute settled in April 2021 for $85,000.
A customer filed a dispute in March 2020 alleging inter alia and unsuitability with respect to investments. There was no specified amount for the alleged damages and in March 2020, the customer received a $35,000 settlement.
In May 2019, another customer filed a dispute alleging inter alia and unsuitability with respect to investments. The customer was seeking an unspecified amount for the alleged damages and on April 2020 settled for $200,000.
Finally, in May 2019, another customer filed a dispute alleging unauthorized trading and requesting $800,000 in damages. The investment products types involved were reportedly debt-corporate, equity, and mutual fund. As of July 2019 this dispute is reported as “Closed/No Action”.
Robert David Was Registered with FINRA for 12 Years
David joined the securities industry in 2006 and switched employers two times.
Broker Robert David was previously employed with Morgan Stanley located in Farmington Hills, Michigan from June 2009 until April 2019.
David was reportedly discharged from Morgan Stanley in March 2019 on allegations of entering inaccurate client profile information relative to bond-related transactions and concerns that some of those transactions were not confirmed immediately beforehand according to his Brokercheck page.
In addition, David was previously employed with Citigroup Global Markets located in Farmington, Michigan from October 2006 until June 2009.
It is important to note that Robert C. David is registered as an Investment Adviser according to his IAPD report. He has been employed with Advisory Services Network located in Farmington, Michigan since April 2019.
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.
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Potential Options for Investors
Investor rights attorneys at Rosca Scarlato have decades of combined experience advocating on behalf of clients who have lost money due to broker misconduct or investment-related fraud. The firm takes most cases of this type on a contingency fee basis and advances the case costs, and only gets paid for their fees and costs out of any money recovered for clients.
Investor rights attorney Alan Rosca and his colleagues are investigating customer dispute allegations involving Robert C. David Jr. and they are prepared to talk to concerned investors.
Robert C. David investors may contact Rosca Scarlato for a free, no-obligation consultation and discussion of potential options or to provide any useful information and learn about their rights. Contact investor rights attorney Alan Rosca and his colleagues at 888-998-0530, by email at arosca@rscounsel.law, or through the contact form on this webpage.