Goodman & Nekvasil P.A., May Recover Investor Losses | David Wesley Wells (David Wells), Financial Advisor Barred from Securities Industry
From 1999 until David Wells’ resignation in 2017, David Wells was licensed with Mid Atlantic Capital Corporation. According to FINRA’s records, David Wells was discharged from Mid Atlantic Capital Corporation on December 22, 2016. Mid Atlantic Capital Corporation reported to FINRA that David Wells allegedly misappropriated funds from customer account(s) while serving in his capacity as a trust officer of a trust company not related to the broker dealer.
Subsequent to David Wells’ discharge from Mid Atlantic Capital Corporation, FINRA investigated David Wells and brought a disciplinary action against David Wells. FINRA reports that David Wells was barred from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) on May 24, 2017. FINRA reports that David Wells consented to the sanction and to the entry of findings that David Wells refused to produce information and documents as requested by FINRA during the course of an investigation into allegations that David Wells misappropriated funds from at least one customer from Counsel Trust Group, an independent contractor office associated with David Wells’ member firm.
If you lost any money on investments with David Wells, you may be able to recover your losses from Mid Atlantic Capital Corporation. This is because Mid Atlantic Capital Corporation had a duty to supervise David Wells.
If you lost money on investments with David Wells 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 against Mid Atlantic Capital Corporation concerning David Wells’ 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.
Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with David Wells 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.