Last Updated: December 2023 (Frisco, Texas)
Aaron Davis Investigation Summary
Here’s what you need to know about Frisco, TX, stockbroker Aaron Davis:
- Name: Mr. Aaron Joel Davis
- Current Employer: Edward Jones
- Function: Stock Broker/ Financial Advisor
- Aliases: Aaron Davis, AJ Davis
- Primary Location: Frisco, Texas
- CRD 4746025
- Can Darwin Junior Dees be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $12,600
- Pending Customer Dispute Seeks Damages of $4.7 million
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Aaron Davis As Your Stockbroker?
In 10/2023 a customer of Edward D. Jones & Co. filed a FINRA arbitration seeking damages of $4,773,917. The customer alleges that Aaron Davis failed to disclose a conflict of interest affecting the sale of RVP stock and that Davis’ opinion that RVP was worth $30 a share was made without a reasonable basis. The client also alleges that Aaron Davis did not properly diversify his account or make suitable recommendations in line with the customer’s investment objectives. This matter is currently pending.
A customer of Edward Jones was paid $12,600 to settle a claim alleging that Aaron Davis placed trades without authorization.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
Allegations of Broker Misconduct Against Aaron Davis
Customers of Aaron Davis have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Failed to disclose a conflict of interest causing damages of $4.7 million
- Failed to properly diversify account
- Opinion as to value of RVP stock made without a reasonable basis
- Edward Jones failed to supervise Aaron Davis
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Aaron Davis, 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.
