David Jon Zupek of Racine, Wisconsin, a stockbroker registered with Concorde Investment Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $68,500.00 in damages based upon allegations that Zupek violated FINRA rules, breached his fiduciary duties, committed fraud, breached a contract, and made misrepresentations of material fact in connection with the sale of direct investments during the time that Zupek was associated with Concorde Investment Services LLC. FINRA Arbitration No. 20-00940 (March 9, 2021).
FINRA Public Disclosure shows that Zupek is referenced in five other customer initiated investment related disputes concerning Zupek’s conduct while associated with securities broker dealers. On February 17, 2004, a customer initiated investment related FINRA securities arbitration claim involving Zupek’s conduct was settled for $15,500.00 in damages based upon allegations that Zupek made misrepresentations of material fact and made unsuitable recommendations in life insurance products, mutual funds, and variable annuities when Zupek was associated with Washington Square Securities, FFP, and SII Investments. FINRA Arbitration No. 04-704.
On November 18, 2008, a complaint involving Zupek’s conduct was settled for $42,930.24 in damages based upon allegations that Zupek made unauthorized transfers between investment options within the customer’s variable annuity contract when Zupek was associated with ING Financial Partners Inc.
On March 12, 2011, a FINRA securities arbitration claim involving Zupek’s conduct was settled for $25,000.00 in damages based upon allegations that Zupek made unsuitable recommendations and made omissions of material fact in connection with the sale of stocks and over-the-counter equities. FINRA Arbitration No. 10-02228.
Zupek was also referenced in a securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that Zupek engaged in excessive and unauthorized trading in stocks and exchange-traded funds. FINRA Arbitration No. 14-00708 (June 24, 2014).
On March 1, 2021, a securities arbitration claim involving Zupek’s conduct was settled for $55,000.00 in damages based upon allegations that Zupek was negligent and breached his fiduciary duties in connection with the sale of direct investments during the time that Zupek was associated with Concorde Investment Services LLC. FINRA Arbitration No. 19-02848.
Zupek has been associated with Concorde Investment Services LLC in Racine, Wisconsin since October 11, 2012, and Concorde Asset Management LLC in Racine, Wisconsin since October 23, 2012.
