David Searcy – Arbitration Claim Filed Against Financial Advisor David Searcy | Goodman & Nekvasil, P.A. May Recover Investor Losses
David Searcy CRD #2264199
From 1999 until his resignation in 2013, David Searcy was licensed with Merrill Lynch, Pierce, Fenner & Smith Incorporated. David Searcy is now licensed with Morgan Stanley. According to FINRA’s records, David Searcy resigned from Merrill Lynch, Pierce, Fenner & Smith Incorporated on Feb 1, 2013. Merrill Lynch, Pierce, Fenner & Smith Incorporated reported to FINRA that David Searcy’s resignation from the firm was related to an internal review investigating allegations that David Searcy was soliciting a client to purchase certain CDOS, and to participate in a real estate investment outside of the firm.
Prior to David Searcy’s discharge from Merrill Lynch, Pierce, Fenner & Smith Incorporated, FINRA reports that an arbitration claim was filed alleging misrepresentation, omissions of material fact, and selling away by David Searcy while David Searcy was with Merrill Lynch, Pierce, Fenner & Smith Incorporated. This claim involving David Searcy was settled by Merrill Lynch, Pierce, Fenner & Smith Incorporated for $600,000.
FINRA also reports a pending arbitration claim involving David Searcy’s conduct with his current firm, Morgan Stanley, alleging David Searcy made unsuitable investments.
If you lost any money on investments with David Searcy while he was employed with Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Morgan Stanley, you may be able to recover your losses from Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Morgan Stanley. This is because Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley had a duty to supervise David Searcy.
If you lost money on investments with David Searcy and believe that 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 against Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Morgan Stanley concerning David Searcy’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 $170 million on behalf of victimized investors. If you lost money on investments with David Ross Searcy 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.
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