David Lee of Flushing New York a stockbroker formerly registered with Cetera Investment Services LLC is referenced in a customer initiated investment related complaint on September 12, 2018 in which the customer requested $15,000.00 in damages based upon accusations that (1) unwarranted investment losses were incurred by the customer on real estate security investments and (2) the customer was provided false information regarding the liquidity of investments held in the customer’s portfolio.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Lee has been identified in two additional customer initiated investment related disputes containing allegations of his misconduct while employed with Cetera Investment Services. Particularly, on November 3, 2010, a customer initiated investment related complaint regarding Lee’s conduct was resolved for $13,815.62 in damages supported by accusations that the customer was placed in risky mutual fund investments that failed to conform to the customer’s risk tolerance.
Thereafter, on July 23, 2017, a customer filed an investment related complaint involving Lee’s activities where the customer sought $7,500.00 in damages founded on allegations that misrepresentations had been made to the customer regarding a real estate investment trust product, and the customer suffered unjustified losses on the investment.
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