Last Updated: July 2025 — Parma, OH
Here’s what you need to know about Parma, OH, stockbroker David W. Toetz:
- Name: Mr. David William Toetz
- Current Employer: Independence Capital Co., Inc.
- Prior Employers: Tower Equities, Inc.; The O.N. Equity Sales Company; Managed Investments, Inc.
- Function: Stockbroker / Financial Advisor
- Primary Location: Parma, OH
- Alias: David W. Toetz
- CRD#: 1379388
- Can David Toetz be sued in FINRA arbitration: Yes
- Sanctioned by Securities Regulators: No
- Pending Customer Dispute Seeks Damages of: $100,000
If you’ve sustained damages from Mr. Toetz, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With David Toetz As Your Stockbroker?
A customer of Independence Capital Inc. filed a FINRA arbitration claim in January 2025 (Case No. 25-00101) alleging failure to supervise a registered representative who placed customers in a non-existent real estate program. The customer is seeking $100,000 in damages.
Allegations of Broker Misconduct Against David Toetz
The pending dispute against Mr. Toetz involves allegations of supervisory failures. Specifically, the claim states that he failed to adequately supervise a registered representative under his purview who placed investors into a fake or non-existent real estate investment program.
Such supervisory lapses may constitute violations of FINRA Rule 3110, which mandates that member firms establish and maintain a supervisory system that is reasonably designed to achieve compliance with applicable securities laws and regulations.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by David William Toetz, 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.