David Thomas Pawloski of Princeton New Jersey a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related written complaint which settled for $60,000.00 on October 25, 2017 supported by allegations that between February of 2017 and April of 2017: (1) unauthorized transactions were placed in the customer’s account and (2) and equity trades were not suitable for the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Pawloski is referenced in four more customer initiated investment related disputes pertaining to accusations of Pawloski’s misconduct while employed with Shearson Lehman Brothers, Inc., Oppenheimer Co. Inc. and PaineWebber. Specifically, on December 14, 1999, a customer initiated investment related complaint regarding Pawloski’s conduct was resolved for $15,000.00 in damages based upon allegations that Pawloski made misrepresentations to the customer concerning the financial outlook and value of a unit investment trust held in the customer’s account.
Subsequently, on August 22, 2014, a customer filed an investment related complaint concerning Pawloski’s conduct where the customer requested $11,000.00 in damages founded on accusations that Pawloski failed to follow the customer’s investment instructions concerning the sale of an over-the-counter equity from the customer’s investment portfolio. Further, a customer initiated investment related arbitration claim concerning Pawloski’s activities was settled for $20,000.00 in damages supported by allegations that Pawloski charged the customer excessive commissions and fees, and poorly advised the customer concerning investments in oil & gas as well as direct participation program or limited partnership interests. FINRA Arbitration No. 16-02090 (July 20, 2017).
Pawloski’s registration with Oppenheimer Co. has been terminated as of January 19, 2018. Since January 12, 2018, Pawloski has been employed by Cantella & Co., Inc.
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