Goodman and Nekvasil May Recover Investors Losses | David Richard Shapiro (David Shapiro), Financial Advisor Suspended by FINRA
David Shapiro was licensed withStifel, Nicolaus & Company, Incorporated from 2007 to 2017. FINRA reports that David Shapiro was suspended from association with any FINRA member in any capacity for fifteen business days and fined $5,000. David Shapiro entered into a Letter of Acceptance, Waiver and Consent with the Financial Industry Regulatory Authority (FINRA) Department of Enforcement to resolve allegations FINRA made against him regarding violations of securities industry rules.
FINRA reports David Shapiro consented to the sanctions and to the entry of findings that he exercised discretion in a customer’s account without obtaining written authorization from his member firm.
FINRA reports that a customer dispute involving David Shapiro alleged excessive amount of trading in the client’s account (11/27/2012 – 2/6/2015) and that David Shapiro bought and sold investments without speaking with the client beforehand, settled for $30,000.
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.
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 Richard Shapiro, you may be able to recover your losses from Stifel, Nicolaus & Company, Inc. This is because Stifel, Nicolaus & Company, Inc., had a duty to supervise David Shapiro. If you 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.