Andre Pierre Davis of New York New York a stockbroker formerly registered with First Standard Financial Company LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $350,000.00 in damages founded on accusations that (1) transactions were not authorized (2) investments were neither appropriate nor suitable for the customer and (3) trades were executed in an excessive manner by the stockbroker while he was associated with First Standard Financial Company LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-02132 (Aug. 6, 2019).

FINRA Public Disclosure confirms that Davis has been identified in fourteen more customer initiated investment related disputes which pertain to allegations of his misconduct during the time that he was employed by securities broker dealers including First Standard Financial, First Montauk Securities Corp., Oppenheimer, National Securities Corp, and Newbridge Securities Corporation. In particular, a customer filed an investment related arbitration claim involving Davis’ behavior where the customer sought $668,000.00 in damages based upon accusations that equity transactions failed to be suitable for the customer, and unauthorized stock trades were executed by the stockbroker.

Davis is referenced in another customer initiated investment related arbitration claim in which the customer requested $238,135.68 in damages supported by allegations that trades were placed in the customer’s account on an excessive and unsuitable basis by Davis when he was associated with First Standard Financial LLC. FINRA Arbitration No. 19-00989 (Apr. 15, 2019). Also, a customer filed an investment related arbitration claim concerning Davis’ conduct where the customer sought $300,000.00 in damages founded on accusations that stock trades were effected by the stockbroker without authorization; and excessive trades caused the customer to experience unwarranted losses or have to pay increased commissions or fees. FINRA Arbitration No. 19-01084 (Apr. 30, 2019).

On June 20, 2019, another customer filed an investment related complaint concerning Davis’ activities where the customer sought $152,400.00 in damages supported by accusations including unauthorized equity trading and churning of the customer’s portfolio during the period in which Davis was employed by First Standard Financial. Davis is the subject of another customer initiated investment related arbitration claim in which the customer requested $461,000.00 in damages based upon allegations of over-the-counter equities held in the customer’s account failing to be suitable; trades having been effected at unwarranted and excessive levels; and transactions lacking the customer’s knowledge or consent. FINRA Arbitration No. 19-01679 (June 21, 2019).

Finally, Davis is referenced in a customer initiated investment related arbitration claim which was resolved for $35,000.00 in damages founded on allegations that Davis churned the customer’s account and executed unsuitable trades resulting in the customer’s losses. FINRA Arbitration No. 18-02596 (Aug. 5, 2019).

Davis’ employment with National Securities Corporation was terminated on March 31, 2015. He was registered with First Standard Financial Company LLC between March 17, 2015 and May 30, 2019. Since July 17, 2019, he has been registered with Paulson Investment Company LLC.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website