David Scott Lex of Mequon, Wisconsin, a stockbroker formerly registered with BMO Harris Financial Advisors Inc., is referenced in a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $85,000.00 in damages based upon allegations that Lex failed to follow instructions, made unsuitable investment recommendations, and made misrepresentations of material fact in connection with the sale of unit investment trusts (“UITs”) during the time that Lex was associated with BMO Harris Financial Advisors Inc. FINRA Arbitration No. 20-01421 (January 8, 2021).
This is not the first time that Lex has been referenced in a customer initiated investment related dispute concerning Lex’s conduct in the securities industry. FINRA Public Disclosure shows that Lex is also the subject of a customer initiated investment related complaint filed on September 23, 2020, in which the customer requested $5,000.00 in damages based upon allegations that Lex made unsuitable recommendations in certificates of deposit (CDs) during the period that Lex was associated with BMO Harris Financial Advisors Inc. This complaint has been closed with no further action taken by the customer.
Lex was associated with BMO Harris Financial Advisors Inc. in Mequon, Wisconsin from November 1, 2010, to March 24, 2021.
