Robert Rex, Esq. is in the process of filing an arbitration action with the Financial Industry Regulatory Authority (FINRA) on behalf of a retired individual who was sold unsuitable investments, including non-traded REITs, by Robin Bruce Davidson. Davidson, who formerly worked for LPL Financial and Western International Securities, Inc., was suspended by FINRA for 16 months and fined $10,000. The FINRA allegations leading to the consent which Davidson agreed to included:
- Davidson participated in private securities transactions involving a managed foreign currency exchange which resulted in losses to clients in excess of $2 million dollars
- Davidson forged a customer's name to account related documents
Davidson's CRD indicates numerous customer complaints for unsuitable investments and payouts on settlements exceed $1 million.
If you have information which you feel may be helpful to this investigation, we would appreciate hearing from you. If you have losses in your brokerage account you may be able to recover through FINRA arbitration.
Robert H. Rex, Esq. been helping investors recover investment losses for over twenty years. We represent clients nationwide. Free consultation. 561 391 1900
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.