Last Updated: November 2023 (Fort Lauderdale, FL)
David T. Yu Investigation Summary
Here’s what you need to know about Fort Lauderdale, FL, stockbroker David T. Yu:
- Name: Mr. David T. Yu
- Current Employer: IFP Securities, Independent Financial Parnters (RIA)
- DBA: Wealth Planning Solutions
- Previous Firms: Kovack Securities, International Assets Advisory, Questar Capital Corp.
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: David Ta-Wai Yu
- Primary Location: Fort Lauderdale, FL
- CRD 5484970
- Can David T. Yu be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of $76,150
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With David T. Yu As Your Stockbroker?
In 6/2023 a customer of IFP Securities filed a FINRA arbitration alleging that David T. Yu improperly recommended a high risk, high commission, illiquid alternative investment in GWG Holdings, Inc. Damages of $76,150 are sought in this currently pending matter.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
Allegations of Broker Misconduct Against David T. Yu
A customer of David T. Yu has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in GWG Holding, Inc.
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 David T. Yu, 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.
