David Roger Hirons of San Diego California a stockbroker formerly registered with Wedbush Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $712,080.00 in compensatory damages and $1,000,000.00 in punitive damages based upon allegations of unauthorized options trades that had been effected by Hirons in the customer’s account when the stockbroker was associated with Wedbush Securities Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-03345 (Nov. 27, 2019).
FINRA Public Disclosure confirms that Hirons has been identified in four more customer initiated investment related disputes concerning accusations of his misconduct during the time that the stockbroker was employed by securities broker dealers including UBS PaineWebber Inc. and Wells Fargo Advisors LLC.
In particular, a customer filed an investment related complaint concerning Hirons’ activities where the customer sought unspecified compensatory damages founded on accusations that the customer had been misled about the safety of mutual funds which were sold by Hirons when he was employed by UBS.
Hirons is also referenced in a customer initiated investment related complaint in which the customer requested damages estimated to exceed $5,000.00 supported by allegations that the customer was induced into purchasing mutual funds through UBS based on being falsely told that the customer’s principal would not be at risk.
Another customer initiated investment related arbitration claim in reference to Hirons’ conduct has been resolved for $15,000.00 in damages based upon accusations of misrepresentations being made to the customer by Hirons with regard to direct investments including a managed futures fund sold by the stockbroker when he was associated with Wells Fargo Advisors.
Prior securities broker dealer employer RBC Capital Markets LLC discharged Hirons on April 6, 2018 based upon allegations that its order execution policy had been violated by Hirons in reference to unit investment trust transactions effected when Hirons was associated with the securities broker dealer.
Hirons has been registered with Wedbush Securities since May 25, 2018.
