Joel Davidman – Joel David Davidman, Financial Advisor Suspended from Securities Industry

Joel Davidman – Joel David Davidman, Financial Advisor Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses

Joel Davidman, Joel David Davidman CRD #861180

Joel Davidman has been licensed with Stifel, Nicolaus & Company, Incorporated since 2015 in Los Angeles. Joel Davidman was previously licensed with Morgan Stanley. According to Joel Davidman’s CRD, Joel Davidman was fined $5,000 and suspended for 45 days from the securities industry in August 2017.

According to FINRA: Joel Davidman consented to the sanctions and to the entry of findings that he exercised discretionary trading authority in the accounts of customers without obtaining prior written authorization from each of the customers or approval from his member firm to treat the customers’ accounts as discretionary. The findings stated that specifically, Joel Davidman effected some of the trades using time and price discretion and the remaining occurred without Davidman discussing and receiving approval for the trades from the customers on the dates of the transactions. The findings also stated that Davidman completed the firm’s annual compliance attestation and as part of that process, he falsely attested that he did not have any customer accounts in which he conducted transactions on a discretionary basis.

According to Joel Davidman’s CRD, Joel Davidman was discharged from Morgan Stanley in May 2015. According to Joel Davidman’s CRD, allegations related to Joel Davidman’s discretionary trades in client accounts without written authorization.

If you lost money on investments with Joel Davidman 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 Joel Davidman’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 Joel Davidman 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. 

Joel Davidman, Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange, Joel Davidman

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