David Alan Harris of White Plains, New York, a stockbroker associated with Chester Harris Co. Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $250,000.00 in damages based upon allegations that Harris made unsuitable recommendations of Puerto Rico bonds during the time that he was associated with Chester Harris. FINRA Arbitration No. 20-00409 (September 17, 2020).
According to FINRA Public Disclosure, Harris was referenced in three other customer initiated investment related disputes concerning Harris’s conduct while associated with securities broker dealers. On October 18, 2011, a customer initiated investment related FINRA securities arbitration claim involving Harris’s conduct was settled for $50,000.00 in damages based upon allegations that Harris failed to conduct due diligence and made unsuitable recommendations of direct investments. FINRA Arbitration No. 11-00710.
On August 6, 2019, a customer initiated investment related FINRA securities arbitration claim involving Harris’s conduct was settled for $350,000.00 in damages based upon alleged negligence and breach of fiduciary duty. FINRA Arbitration No. 18-03120. According to the claim, Harris offered private placements from around 2003 through 2013 that the customer claimed to be illiquid, and the customer suffered poor performance on Puerto Rico bonds.
Harris was also referenced in a customer initiated investment related claim that was settled for $237,500.00 in damages based upon alleged breach of contract and fraud. FINRA Arbitration No. 20-02115 (February 11, 2022).
Harris was associated with David Harris Co. Inc. in White Plains, New York from March 20, 2000, to December 31, 2020. He was associated with Chester Harris from April 21, 1976, to April 16, 2019.
