Gregory Roy Tucker of Des Moines Iowa a stockbroker currently employed by DA Davidson Co. is referenced in a customer initiated investment related arbitration claim where the customer requested $10,000,000.00 in damages based upon allegations that between 2009 and 2018: (1) the customer was charged excessive commissions (2) important information about the customer’s corporate and municipal debt investments had been concealed or misrepresented by the stockbroker and (3) investment recommendations failed to be suitable given the customer’s objectives for investing and tolerance for risk. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-03572 (Nov. 5, 2018).
FINRA Public Disclosure reveals that Tucker has been identified in four additional customer initiated investment related disputes pertaining to accusations of his violative conduct while employed with DA Davidson. Specifically, Tucker is the subject of a customer initiated investment related complaint on May 24, 2016 in which the customer sought $226,845.38 in damages supported by allegations that misrepresentations had been made by the stockbroker concerning the customer’s AgriBank FBC subordinated notes purchases. On July 11, 2016, another customer filed an investment related complaint involving Tucker’s activities where the customer requested more than $5,000.00 in damages founded on accusations of the stockbroker making false or misleading statements about corporate debt investments.
Also, a customer initiated investment related arbitration claim regarding Tucker’s conduct was resolved for $377,250.00 in damages based upon allegations that the customer’s account was handled in a negligent manner; municipal bonds were in no way appropriate; the customer’s account was overconcentrated in risky investments; and trades were effected by Tucker on an excessive basis, detrimentally affecting the customer’s portfolio. FINRA Arbitration No. 16-03085 (Nov. 1, 2018).
In addition, Tucker is referenced in a customer initiated investment related arbitration claim in which the customer was awarded $783,286.94 in compensatory damages based upon DA Davidson being found liable on the customer’s claims including breach of fiduciary duty; breach of contract; violation of Nebraska Securities Act; unsuitability; misrepresentation; and fraud relating to the customer’s investments in Puerto Rico Electric Power Authority (PREPA) and Puerto Rico Public Finance Corporation (PFC). FINRA Arbitration No. 16-00354 (Nov. 26, 2018).
Tucker has been registered with DA Davidson since March 2, 2009.
