Securities Arbitration Investment Fraud Lawyers » Investment and Regulatory News » D.A. Davidson Settles FINRA Arbitration Claim Over Unsuitable Municipal Bond Recommendations

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Gregory Roy Tucker of Des Moines, Iowa, a stockbroker registered with D.A. Davidson Co., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $150,000.00 in damages based upon allegations that Tucker made unsuitable recommendations of municipal bonds when Tucker was associated with D.A. Davidson Co. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-01176 (February 1, 2022).

FINRA Public Disclosure shows that Tucker is referenced in seven more customer initiated investment related disputes concerning Tucker’s conduct while associated with securities broker dealers, including D.A. Davidson Co. On October 11, 2018, a customer filed an investment related FINRA securities arbitration claim involving Tucker’s conduct in which the customer requested $10,000,000.00 in damages based upon allegations that Tucker made unsuitable recommendations, made omissions and misrepresentations of material fact, and charged excessive fees in connection with the sale of municipal, government, and corporate bonds. FINRA Arbitration No. 18-03572.

Tucker was also referenced in a FINRA securities arbitration claim that was settled for $377,250.00 in damages based upon allegations that Tucker mismanaged investment accounts, made unsuitable recommendations, and engaged in excessive trading in municipal bonds. FINRA Arbitration No. 16-03085 (November 1, 2018).

On November 26, 2018, a FINRA securities arbitration claim involving Tucker’s conduct resulted in the customer being awarded $783,286.94 in compensatory damages because D.A. Davidson Co. was held liable for sales practice violations. FINRA Arbitration No. 16-00354. The Statement of Claim alleged misrepresentations and omissions of material fact, negligence, failure to supervise certain registered representatives, violation of state securities laws, breach of fiduciary duty, and breach of contract.

Tucker was also referenced in a complaint that was settled on January 23, 2020, for $215,000.00 in damages based upon allegations that Tucker breached his fiduciary duties in connection with the recommendation and sale of government bonds and corporate bonds.

On April 2, 2020, another customer filed an investment related FINRA securities arbitration claim involving Tucker’s conduct in which the customer requested $1,000,000.00 in damages based upon allegations that Tucker made unsuitable recommendations of municipal bonds. FINRA Arbitration No. 20-01077.

Tucker has been associated with D.A. Davidson Co. in Des Moines, IA, as a stockbroker since March 2, 2009.