Douglas William Stopkey (Douglas Stopkey) – Financial Advisor/Broker Douglas Stopkey Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Douglas William Stopkey (Douglas Stopkey) CRD #2209717
Douglas Stopkey is a licensed financial advisor with Davenport & Company LLC. According to FINRA, Douglas Stopkey was suspended from the securities industry for 30 days in November 2020.
According to FINRA Allegations:
Stopkey consented to the sanctions and to the entry of findings that he effected approximately 300 trades in seven accounts owned by four senior customers without first speaking with the customers on the days he effected the trade orders. The findings stated that although the customers orally authorized Stopkey to exercise discretion in their accounts, they had not given written authorization for the accounts to be discretionary. Nor did the member firm approve the customer accounts as discretionary. Additionally, on three firm compliance questionnaires, Stopkey inaccurately stated that he had not utilized time or price discretion, or entered trade orders prior to speaking with a client, in a client account. Further, in response to compliance staff’s inquiry into one of the subject trades, Stopkey inaccurately suggested that the trade was the customer’s idea. The findings also stated that Stopkey caused the firm to maintain inaccurate books and records. Stopkey marked order tickets for trades in the customer accounts referenced above as unsolicited although he did not discuss the trades with the customers.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Douglas Stopkey 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 concerning Stephen Whittaker’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 $200 million on behalf of victimized investors. If you lost money on investments with Douglas Stopkey 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.
Some of the information in this blog post was obtained on 10/29/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.