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.

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)