Last Updated: April 2025 | Farmingdale, NY
David Reyes Investigation Summary
Here’s what you need to know about Farmingdale, NY, financial advisor David M. Reyes:
- Name: David M. Reyes
- CRD Number: 5330710
- Function: Stockbroker / Financial Advisor
- Primary Location: Farmingdale, NY
- Current Employer: PFS Investments Inc. (since October 2009)
- Also Affiliated With: Primerica Advisors (Investment Adviser Rep since August 2021)
- Licenses Held:
- Series 6 (Investment Company Products/Variable Contracts Rep)
- Series 63 (Uniform Securities Agent State Law Exam)
- Securities Industry Essentials (SIE)
- Registered With: FINRA and 6 U.S. states including NY, NJ, FL, CT, NC, and PA
- Other Business Activities:
- Also involved in home loan product sales and home security services through Primerica affiliates
- Sanctioned by FINRA: Yes
- Can David Reyes be sued in FINRA arbitration? Yes
If you’ve sustained damages from Mr. Reyes, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With David Reyes As Your Stockbroker?
In a final regulatory action dated August 22, 2024, the Financial Industry Regulatory Authority (FINRA) sanctioned David Reyes in connection with a falsified insurance continuing education certification.
Key Case Details:
- Case Number: 2024081406001
- Regulatory Authority: FINRA
- Sanctions:
- 1-month suspension from all capacities (Sept 16 – Oct 15, 2024)
- $5,000 fine (paid in full on Sept 11, 2024)
- Violation Summary: Reyes falsely certified to the State of New York that he had personally completed 15 hours of required continuing education to renew his insurance license. In reality, another individual had completed the training on his behalf.
- Resolution: Acceptance, Waiver & Consent (AWC)
While this violation did not involve a securities product, it reflects a serious lapse in ethical conduct that may give rise to broader concerns about trustworthiness and regulatory compliance.
Allegations of Broker Misconduct Against David Reyes
Regulatory Misconduct: False Certification
Although there were no investment losses or direct customer complaints tied to this incident, it should be considered a red flag for potential investors and compliance officers evaluating a broker’s fitness.
Recover Your Investment Losses Now With Rex Securities Law
See this for information on our other investigations of PFS Investments brokers
If you have suffered investment losses in an account handled by David M. Reyes, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.