David Victor Tall (also known as Dave Tall), of Costa Mesa, California, a stockbroker formerly registered with Osaic Wealth Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Tall failed to cooperate with an investigation into allegations of his execution of promissory notes away from the securities broker dealer. Letter of Acceptance, Waiver, and Consent No. 2023080474101 (February 13, 2024).
The regulatory action stems from Tall’s termination as stockbroker by Osaic Wealth on December 19, 2023, after the firm confirmed that he executed two promissory notes without prior approval. This incident was initially brought to FINRA’s attention through a regulatory tip.
On November 27, 2023, FINRA requested documents and information from Tall under Rule 8210. Tall, acknowledging the receipt of this request during a phone call on January 24, 2024, refused to produce the requested information or documents. By not complying with this request, Tall violated FINRA Rules 2010 and 8210.
Tall was associated with Osaic Wealth Inc. in Costa Mesa, California from September 1, 2023, to December 19, 2023. Prior to this, he was associated with SagePoint Financial Inc. in San Juan Capistrano, California from October 31, 2005, to September 1, 2023.
