Gregory Roy Tucker of Des Moines Iowa a stockbroker currently employed by DA Davison Co. is referenced in a customer initiated investment related arbitration claim where the customer sought $500,000.00 in damages supported by accusations that the customer had been provided unsuitable investment advice from Tucker during the period in which he was associated with DA Davidson Co. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-01176 (Apr. 15, 2020).

FINRA Public Disclosure reveals that Tucker has been identified in seven additional customer initiated investment related disputes containing allegations of his misconduct when he was employed by DA Davidson Co. Tucker is the subject of a customer initiated investment related arbitration claim in which the customer was awarded $783,286.94 in compensatory damages according to DA Davidson Co. being found liable on the customer’s claims of breach of fiduciary duty and breach of contract relating to the customer’s investments in PREPA, PFC and Cliffs Natural Resources. FINRA Arbitration No. 16-00354 (Nov. 26, 2018). According to the Statement of Claim, misrepresentations were made to the customer and information was fraudulently concealed when investment advice was provided by the stockbroker.

On November 1, 2018, another customer initiated investment related arbitration claim involving Tucker’s conduct was settled for $377,250.00 in damages based upon accusations that trades were executed in the customer’s account on an excessive basis and that the customer’s assets had been concentrated in inappropriate investments all during the time that Tucker was associated with DA Davidson Co. FINRA Arbitration No. 16-03085 (Nov. 1, 2018). According to the claim, transactions effected in the customer’s account were not suitable. The claim alleges that the customer’s account had been mishandled by the stockbroker.

Tucker is also referenced in a customer initiated investment related arbitration claim where the customer requested $10,000,000.00 in damages founded on allegations of misrepresentations and omissions as it pertained to bonds which caused the customer to experience losses. FINRA Arbitration No. 18-03572 (Nov. 5, 2018). According to the claim, investments recommended by the stockbroker between 2009 and 2018 were not suitable given the customer’s objectives and risk tolerance. The claim also alleges that mark-downs and mark-ups were excessive.

On January 23, 2020, another customer initiated investment related complaint involving Tucker’s conduct that was resolved for $215,000.00 in damages supported by accusations that between 2010 and 2016, the customer received bad investment advice from the stockbroker. Tucker allegedly neglected to follow the investment objectives set forth by the customer. According to the claim, the stockbroker breached a fiduciary duty. Tucker is also the subject of a customer initiated investment related arbitration claim in which the customer sought $1,000,000.00 in damages based upon allegations of poor bond recommendations. FINRA Arbitration No. 20-01077 (Apr. 8, 2020).

Tucker has been registered with DA Davidson since March 2, 2009.

Tags: ,

Comments are closed.