Goodman & Nekvasil P.A., May Recover Investor Losses – David Charles De Young (Dave De Young) Formerly Licensed with Cambridge Investment Research, Inc. Ordered to Pay $78,000 in Restitution by the State of Hawaii
Dave De Young was licensed with Cambridge Investment Research, Inc. from 2011 to 2017. FINRA reports that the State of Hawaii Department of Commerce and Consumer Affairs ordered Dave De Young to pay $78,000 in restitution and $10,000 in investigative costs. The State of Hawaii reported to FINRA that the consent order alleged that the sale of a security to Hawaii residents did not correspond to their needs and/or Dave De Young did not fully inform them of the risks associated with the purchase.
FINRA also reports that a complaint was filed involving Dave De Young’s conduct with a prior employer, alleging misrepresentation. This complaint was settled for $78,000.
If you lost any money on investments with Dave De Young, you may be able to recover your losses from Cambridge Investment Research, Inc. This is because Cambridge Investment Research, Inc. had a duty to supervise Dave De Young.
If you lost money on investments with Dave De Young and believe that 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 Cambridge Investment Research, Inc. concerning Dave De Young’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 $300 million on behalf of victimized investors. If you lost money on investments with Dave De Young 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.
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