Goodman & Nekvasil P.A., May Recover Investor Losses – Rick Alan Davidson (Rick Davidson) Formerly Licensed with Morgan Stanley
From 2009 until Rick Davidson’s resignation in 2016, Rick Davidson was licensed with Morgan Stanley. Rick Davidson is now licensed with National Securities Corporation. Rick Davidson was also licensed with Jefferies LLC. According to FINRA, Rick Davidson resigned from Morgan Stanley on May 17, 2016. Morgan Stanley reported to FINRA that Rick Davidson resigned after being accused of exercising discretion in clients’ accounts as well as receipt of a loan from a Morgan Stanley employee.
FINRA reports that four complaints and/or arbitration claims were filed involving Rick Davidson’s conduct with Morgan Stanley, alleging unauthorized trading, unsuitability, and/or unauthorized transactions. These claims were all settled, with the two largest claims settling for $175,000 and $101,787.94.
If you lost any money on investments with Rick Davidson, while Rick Davidson was employed with Morgan Stanley, National Securities Corporation, and/or Jefferies LLC, you may be able to recover your losses from Morgan Stanley, National Securities Corporation, and/or Jefferies LLC. This is because Morgan Stanley, National Securities Corporation, and Jefferies LLC had a duty to supervise Rick Davidson.
If you lost money on investments with Rick Davidson, 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 Morgan Stanley, National Securities Corporation, and/or Jefferies LLC concerning Rick Davidson’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 $170 million on behalf of victimized investors. If you lost money on investments with Rick Davidson 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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