Goodman and Nekvasil May Recover Investors Losses | David Alan Lavine (David Lavine), Financial Advisor Barred by FINRA
Reported by FINRA on January 20, 2015, David Lavine is barred resulting from the following allegations: David Lavine consented to the sanctions and to the entry of findings that David Lavine failed to provide FINRA requested documents and information during the course of an investigation into allegations that David Lavine exceeded the scope of an approved outside business activity and/or engaged in an unapproved private securities transaction, and failed to timely disclose several reportable financial events. The findings stated that David Lavine, through his counsel, informed FINRA that he would not provide the requested documents and information at any time. FINRA also shows that UBS Financial Services Inc., settled a customer complaint against David Lavine for $30,157.38 alleging that David Lavine made unauthorized trades in client’s account between March 2013 and January 2015.
Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments.
Prior to making recommendations to an individual investor, brokerage firms are required by the Financial Industry Regulatory Authority (FINRA) to disclose all the risks of an investment. Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objections, investment experience and risk tolerance. Firms that fail to do so may be held responsible for any losses.
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. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments and has recovered more than $180 million dollars on behalf of victimized investors. We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives. All our cases are handled on a purely contingency fee basis.
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. Finally, the filing of such a case should not affect your ownership of these investments in any way.
If you incurred losses on your investment with David Lavine 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.