Jeffrey Paul Davis – Financial Advisor/Broker Jeffrey Paul Davis Previously Suspended from Securities Industry
Jeffrey Davis is a currently licensed financial advisor with Kovack Securities, Inc. According to Jeffrey Davis’ CRD, Jeffrey Davis was suspended from the securities industry for one month in May 2017.
According to Allegations on Jeffrey Davis’ BrokerCheck Report:
Jeffrey Davis consented to the sanctions and to the entry of findings that Jeffrey Davis recommended and effected unsuitable transactions in the accounts of customers by over-concentrating their assets in illiquid non-traded REITs. The findings stated that the investments totaled $566,000 and represented between approximately 30% and 52% of the customers’ liquid net worth. These excessive concentrations in illiquid investments were unsuitable in light of the customers’ financial situations, risk tolerances and investment objectives.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Jeffrey Davis 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 Jeffrey Davis’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 $180 million on behalf of victimized investors. If you lost money on investments with Jeffrey Davis 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 12/16/2019 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
Jeffrey Paul Davis, Investment Fraud, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice,Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, PIABA, SEC, Securities Exchange Commission, Jeffrey Paul Davis