David Gray Dalton (David Dalton) – Financial Advisor, Broker David Gray Dalton Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
David Dalton was a registered financial advisor with Moors & Cabot, Inc. before being suspended. According to FINRA, David Dalton was fined $7,500 and will be suspended from the securities industry for three months in February 2020.
According to FINRA Allegations:
David Dalton consented to the sanctions and to the entry of findings that David Dalton exercised discretionary trading authority in David Dalton’s member firm customers’ accounts without having first obtained written authorization from the customers or the firm to treat the accounts as discretionary. The findings stated that David Dalton made false statements regarding his exercise of discretion in firm annual compliance questionnaires. The findings also stated that David Dalton failed to indicate that he had exercised discretionary trading authority, which caused the firm to create and maintain inaccurate order memoranda.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with David Dalton and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning David Dalton’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with David Dalton and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 3/13/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.