B. David Goldstein of Rancho Mirage, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $230,000.00 in damages based upon allegations that Goldstein made misrepresentations of material fact in connection with the sale of “corporate bonds” (GWG Holdings Class L Bonds) during the time that Goldstein was associated with Western International Securities Inc. FINRA Arbitration No. 24-00718 (April 3, 2024).
FINRA Public Disclosure shows that Goldstein is referenced in seven other customer initiated investment related disputes concerning Goldstein’s conduct while associated with securities broker dealers. On October 8, 2013, a customer initiated investment related FINRA securities arbitration claim involving Goldstein’s conduct was settled for $38,500.00 in damages based upon allegations that Goldstein made unsuitable recommendations in limited partnership interests and real estate investment trusts when Goldstein was associated with LPL Financial. FINRA Arbitration No. 12-02786.
On September 27, 2023, a FINRA securities arbitration claim involving Goldstein’s conduct was settled for $41,337.92 in damages based upon allegations that Goldstein made omissions and misrepresentations of material fact and made unsuitable recommendations in “corporate bonds” when Goldstein was associated with Western International Securities Inc. FINRA Arbitration No. 22-01689.
Goldstein was also referenced in a FINRA securities arbitration claim that was settled for $76,273.00 in damages based upon allegations that Goldstein made unsuitable recommendations, omissions, and misrepresentations to the customer. FINRA Arbitration No. 22-01794 (June 29, 2023).
On February 8, 2024, a FINRA securities arbitration claim involving Goldstein’s conduct was settled for $30,000.00 in damages based upon alleged negligence and misrepresentation by the stockbroker. FINRA Arbitration No. 23-00804.
Goldstein was also referenced in a FINRA securities arbitration claim that was settled for $26,000.00 in damages based upon allegations that Goldstein made misrepresentations in connection with the sale of corporate bonds during the time that Goldstein was associated with Western International Securities Inc. FINRA Arbitration No. 23-01777 (April 8, 2024).
Goldstein was associated with Western International Securities in Rancho Mirage, California from May 29, 2015, to June 22, 2022, as a stockbroker and an investment advisor representative. He was associated with Securities America Inc. in Rancho Mirage, California from June 22, 2022, to June 14, 2024.
Goldstein has been associated with Osaic Wealth Inc. in Rancho Mirage, California since June 14, 2024, and WealthPlan Partners in Rancho Mirage, California since June 30, 2022.
