David Aron Dudkin, of Morristown, New Jersey, a stockbroker formerly registered with Securevest Financial Group, is the subject of a customer initiated investment related written complaint on June 23, 2015, in which the customer requested $260,000.00 in damages supported by allegations that Dudkin failed to liquidate the customer’s over-the-counter equity portfolio, causing the customer to incur investment losses.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Dudkin has been referenced in three more customer initiated investment related disputes pertaining to accusations of Dudkin’s misconduct while registered with Bergen Capital, Barron Chase Securities and Commonwealth Associates. Specifically, a customer initiated investment related arbitration claim involving Dudkin’s conduct was settled for $45,000.00 founded on allegations that Dudkin made unsuitable investment recommendations to the customer and churned the customer’s stock portfolio. National Association of Securities Dealers (NASD) Arbitration No. 00-04602 (Apr. 15, 2002).
Thereafter, a customer initiated investment related arbitration claim regarding Dudkin’s activities was resolved for $276,425.00 in damages founded on accusations that Dudkin placed unauthorized corporate debt trades in the customer’s account. FINRA Arbitration No. 09-00162 (May 27, 2009). On December 30, 2011, another customer filed an investment related written complaint involving Dudkin’s conduct, alleging that Dudkin effected municipal debt transactions that were not appropriate for the customer in consideration of the customer’s objectives for investing.
Dudkin’s registration with Securevest Financial Group was terminated as of November 17, 2016. He has been employed with Newbridge Securities Corporation since November 10, 2016. Dudkin has been associated with sixteen different broker dealers overall, three of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.
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