Last Updated: September 2023 (Simpsonville, South Carolina)
David R. Wall Investigation Summary
Here’s what you need to know about Simpsonville, SC, stockbroker David R. Wall:
- Name: Mr. David Ralph Wall
- Current Employer: Not currently registered with FINRA
- Previous Firms: Voya Financial Advisors, Capital Investment Group, Raymond James & Assoc. dba Wall Financial Services
- Function: Stock Broker/ Financial Advisor
- Aliases: David R. Wall
- Primary Location: Simpsonville, SC
- CRD 1651874
- Can David R. Wall be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Discharged by a prior employer: Yes
- Highest Settlement: $5,050,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With David R. Wall As Your Stockbroker?
In 8/2021 to resolve a FINRA arbitration alleging David R. Wall solicited the sale of unsuitable securities, including annuities, REITs and unit investment trusts, a customer of Voya Financial Advisors was paid a settlement of $3.500,000.
In 9/2021 to resolve a FINRA arbitration alleging David R. Wall solicited the sale of unsuitable securities, including annuities, REITs and unit investment trusts, another customer of Voya Financial Advisors was paid a settlement of $5,050,000.
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. For more investigations involving Alternative Investments, see this.
In 3/2021 David R. Wall was discharged by Voya Financial who makes this allegation on Wall’s FINRA record: “Between 2013 and 2015 representative failed to perform an adequate review of account profiles for certain customers who purchased alternative investments.”
Allegations of Broker Misconduct Against David R. Wall
Customers of David R. Wall have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Solicited Unsuitable Investments
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.
See this for our Investigation of Voya Financial Advisors Complaints.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by David R. Wall, contact us for a complimentary consultation with an experience 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.
