David Alan Tucker of Daytona Beach Florida a stockbroker formerly registered with Center Street Securities Inc. has been charged by Florida Office of Financial Regulation in an Administrative Complaint containing allegations that (1) Tucker engaged in outside business activities which were not disclosed to Center Street Securities and (2) Tucker sold exchange traded funds or other securities to investors in Florida without being registered as a stockbroker. Case No. 90017-S (Oct. 16, 2019).
Tucker has also been provided a Notice from Florida Office of Financial Regulation in which the regulator stated its intent to deny Tucker’s stockbroker registration founded on accusations of him engaging in unregistered exchange traded fund sales. Case No. 90017-SR (Oct. 17, 2019). This is not the first time that Tucker has been subject of a regulatory action in Florida. In particular, Tucker was ordered to cease and desist from engaging in violations of Florida Statutes Chapter 517 supported by allegations of him using unauthorized advertising materials when soliciting investments. Case No. 0378-S-4/08 (July 16, 2009).
Tucker has also been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Tucker made misrepresentations or omissions to customers when recommending investments. Letter of Acceptance Waiver and Consent No. 20080145835. FINRA determined that investors were provided with misleading, promissory, unwarranted, or exaggerated information from Tucker with regard to securities products; conduct violative of National Association of Securities Dealers (NASD) Rules 2210(B) and 2210(D).
Also, Tucker is the subject of a customer initiated investment related written complaint which was settled for $27,696.00 supported by accusations that during the time that Tucker was associated with ProEquities Inc., he sold unregistered securities and engaged in activities which failed to be supervised by the securities broker dealer. In fact, Tucker was terminated by ProEquities Inc. based upon allegations of Tucker having failed to comply with the advertising policy of the firm; and Tucker providing false or misleading information to the securities broker dealer in regard to an inquiry from a securities regulator.
Tucker’s registration with Center Street Securities has been terminated as of October 30, 2017. Between January 18, 2018 and May 1, 2018, Tucker was associated with Peak Brokerage Services LLC, and between May 1, 2019 and October 22, 2019, Tucker was associated with Booklight Place Securities Inc.
