DAVID VOLPE Ordered Restitution of $459,500.00 after Investigation – Goodman & Nekvasil, P.A., May Recover Investor Losses
Former FIRST FINANCIAL EQUITY CORPORATION broker, DAVID VOLPE Ordered Restitution of $459,500.00 after Investigation from the Arizona Corporation Commission.
DAVID JOHN VOLPE
CRD#: 2543478
Call Goodman & Nekvasil, P.A. if you think that you have received unsuitable investment recommendations from your adviser.
DAVID JOHN VOLPE (CRD#: 2543478), a former registered representative for FIRST FINANCIAL EQUITY CORPORATION, has been ordered to pay restitution to a client with a “cognitive impairment”. According to Arizona Corporation Commission, the Commission found Mr. Volpe sold to his long-term client with cognitive impairment unregistered investment contracts in a defunct company, issuing false invoices to reflect the client’s investment. Mr. Volpe also sold this client an unregistered note in a dotcom company. Both investment offerings were not on record at Mr. Volpe’s employer, a securities dealer.
Additionally, the Commission found that, while registered as a securities salesman, Mr. Volpe engaged in dishonest and unethical conduct by borrowing money from the same client. In 2021, the Maricopa County Superior Court appointed a permanent guardian and permanent conservator to Mr. Volpe’s client.
DAVID VOLPE Ordered Restitution of $459,500.00 after Investigation from the Arizona Corporation Commission.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to its clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 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.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 3/17/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.