David Leonard Potter Fired by LaSalle St. Securities, L.L.C. – Goodman & Nekvasil P.A, May Recover Investor Losses

Goodman & Nekvasil P.A, May Recover Investor Losses – David Leonard Potter Fired by LaSalle St. Securities, L.L.C.

From 2010 to 2013, David Potter was licensed with LaSalle St. Securities, L.L.C. According to FINRA’s records David Potter was fired from LaSalle St. Securities, L.L.C. on May 13, 2013. LaSalle St. Securities, L.L.C. reported to FINRA that David Potter’s firing was related to the firm receiving notification regarding an outside business activity/private securites offering from David Potter, and subsequent approval and supervision by LaSalle St. Securities, L.L.C. According to FINRA, LaSalle St. Securities, L.L.C. determined that certain conditions for participation in the activity as expressed by LaSalle St. Securities, L.L.C. to David Potter were not followed as represented and required.

Subsequent to David Potter’s discharge by LaSalle St. Securities, L.L.C., FINRA investigated David Potter and brought a disciplinary action against David Potter. David Potter consented to a 5-month suspension from the securities and investment banking industry and a $15,000 fine. David Potter also consented to findings by FINRA that in connection with an attempted private offering for David Potter’s investment advisory firm, David Potter participated in the offering before David Potter’s member firm approved the offering and after the firm requested that David Potter cease participation. The FINRA findings stated that David Potter failed to file the offering documents with FINRA’s corporate finance department and made negligent misrepresentations to investors. David Potter knew that the minimum contingency had not been, and would not be, met.

FINRA also reports that an arbitration claim involving David Potter’s conduct was settled for $21,000.

If you lost any money on investments with David Potter, you may be able to recover your losses from LaSalle St. Securities, L.L.C. This is because LaSalle St. Securities, L.L.C. had a duty to supervise David Potter.

If you lost money on investments with David Potter 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 LaSalle St. Securities, L.L.C. concerning David Potter’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 David Potter 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.      

 

Keywords: David Leonard Potter, David Potter, Potter, LaSalle Securities, LaSalle, LaSalle St. Securities, Investment, Investor, Securities Attorney, Securities, Goodman and Nekvasil, Lawyer

 

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