Last Updated: December 2024 (Richardson, TX)
David Gunderson Investigation Summary
Here’s what you need to know about Richardson, TX, stockbroker David Gunderson:
- Name: David Eric Gunderson
- Current Employer: U.S. Freedom Capital Advisors (Registered Investment Advisor), Not currently registered with FINRA
- Prior Registrations: Tobin & Company Securities, Riverrock Securities
- Function: Stockbroker / Financial Advisor
- Aliases: David Gunderson
- Primary Location: Richardson, TX
- CRD: 6191146
- Can David Gunderson be sued in FINRA arbitration? Yes
- Sanctioned by FINRA or State Regulators: Yes- Texas State Securities Board
- Pending Customer Complaints: Yes- 4 complaints outstanding
- Judgment/Lien Outstanding-Tax: $1,046,956
If you’ve sustained damages from Mr. Gunderson, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With David Gunderson As Your Stockbroker?
David Gunderson currently faces allegations of misconduct, including pending customer disputes and regulatory sanctions. Among the significant cases:
- FINRA Arbitration Docket #21-01953 (Pending): Filed on July 29, 2021, a customer alleges unsuitable recommendations related to a loan agreement sold away from the firm, seeking $1,500,000 in damages.
- FINRA Arbitration Docket #21-01932 (Pending): Filed on July 28, 2021, a client claims misrepresentation and unsuitable recommendations concerning an EB-5 private placement, and is seeking damages of $3,500,000.
- Texas State Securities Board Reprimand: On November 20, 2024, Gunderson was sanctioned for failing to update his Form U4 disclosures timely to disclose a Federal Tax Lien of $1,046,956, resulting in a reprimand and a $12,500 administrative fine (Docket #IC-24-CAF-06).
Allegations of Broker Misconduct Against David Gunderson
David Gunderson has been involved in multiple disputes and regulatory actions, including:
- Unsuitable Recommendations: Customers allege Gunderson recommended investments that were inappropriate for their financial situations, breaching FINRA Rule 2111.
- Misrepresentation of Investments: Claims of false and misleading statements, particularly regarding EB-5 private placements and loan agreements.
- Regulatory Violations: Sanctioned for failing to update required disclosures on Form U4 as mandated by the Texas State Securities Board.
- Financial and Tax Liens: Gunderson has an outstanding IRS tax lien of $1,046,956.26, filed in October 2021.
The Financial Industry Regulatory Authority (FINRA) and state regulators enforce rules requiring brokers to act ethically and transparently. Failure to adhere to these rules often results in significant financial harm to clients.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by David Gunderson, 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.
