Last Updated: March 2025 | Palm Beach Gardens, FL
David B. Moore Investigation Summary
Here’s what you need to know about Palm Beach Gardens, FL, former stockbroker David B. Moore:
- Name: Mr. David Benton Moore
- Current Status: Not currently registered as a broker or an investment adviser.
- Prior Employers:
- Cetera Advisor Networks LLC (Palm Beach Gardens, FL) (08/2019 – 12/2024)
- Summit Brokerage Services, Inc. (Palm Beach Gardens, FL) (03/2004 – 09/2019)
- Continental Broker-Dealer Corp. (Carle Place, NY) (07/2002 – 02/2004)
- Wachovia Securities Financial Network, Inc. (St. Louis, MO) (01/2001 – 07/2002)
- JWGenesis Securities, Inc. (Boca Raton, FL) (02/1998 – 01/2001)
- Raymond James & Associates, Inc. (St. Petersburg, FL) (11/1991 – 10/1997)
- J.B. Hanauer & Co. (Parsippany, NJ) (11/1981 – 02/1990)
- Function: Stockbroker / Financial Advisor
- Aliases: David Moore
- Primary Location: Palm Beach Gardens, FL
- CRD #: 1008089
- Can David Moore be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Discharged by a prior employer: Yes
- Prior Customer Disputes: Yes, six.
- Pending Customer Dispute Seeks Damages of: $1,000,000
- Highest Settlement or Award: $45,000
If you’ve sustained damages from Mr. Moore, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With David Moore As Your Stockbroker?
David Moore has been the subject of multiple prior customer disputes and a pending FINRA arbitration claim:
- Pending FINRA Arbitration (Case No. 24-02672) – Claimant alleges breach of fiduciary duty and seeks $1,000,000 in damages.
- Settled Customer Dispute (Case No. 92-03088, NASD Arbitration) – Client alleged unsuitable trades in limited partnerships; case settled for $20,000.
- Settled Customer Dispute (Case No. 97-02115, Raymond James & Associates) – Client alleged unauthorized trading; settlement amount: $45,000.
- Settled Customer Dispute (Case No. 99-01584, Raymond James & Associates) – Client alleged unsuitable corporate bond investment; settlement amount: $11,700.
Allegations of Broker Misconduct Against David Moore
Customers have alleged the following misconduct by David Moore:
- Unsuitable Investment Recommendations – Multiple disputes allege that Moore recommended high-risk or illiquid investments that were not appropriate for his clients’ financial profiles, violating FINRA Rule 2111 (Suitability Rule).
- Unauthorized Trading – A customer dispute alleged that Moore executed trades without client authorization.
- Breach of Fiduciary Duty & Failure to Supervise
- Omission of Facts & Misrepresentation –violating FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade).
- Employment Termination After Allegations – Moore was terminated from Raymond James & Associates in 1997 following allegations by a customer of unauthorized trading
- These violations fall under FINRA Rule 2111 (Suitability Rule), FINRA Rule 2010 (Ethical Standards), and FINRA Rule 4511 (Recordkeeping Requirements), which require brokers to recommend suitable investments and maintain accurate records.
Recover Your Investment Losses Now With Rex Securities Law
Investigation of Cetera Financial Brokers-Lawsuits, Arbitrations & Disputes
If you have suffered investment losses in an account handled by David Moore, 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.