Last Updated: November 2023 (Orange, CA)
David Wells Investigation Summary
Here’s what you need to know about Orange, CA, stockbroker David Wells:
- Name: Mr. David Allen Wells
- Current Employer: B.B. Graham & Company
- Previous Firms: Kingswood Capital Partners, Accelerated Capital Group
- Function: Stock Broker/ Financial Advisor
- Aliases: David Wells
- Primary Location: Orange, CA
- CRD 1996555
- Can David Wells be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $70,000
- Pending Customer Dispute Seeks Damages of $215,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With David Wells As Your Stockbroker?
A customer of B.B. Graham & Company has filed a FINRA arbitration alleging that David Wells recommended a product that was not appropriate and is seekng damages of $215,000.
Wells has one other customer dispute dating back to the early years of his career when a customer was paid $70,000 tr resolve allegations that he had committed various securities violations, breached his fiduciary duty and committed fraud.
Allegations of Broker Misconduct Against David Wells
Customers of David Wells have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Securities Fraud
- Breach of Fiduciary Duty
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 Wells, 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.
