Last Updated: October 2023 (Mendota Heights, MN)
David Wilkie Investigation Summary
Here’s what you need to know about Mendota Heights, MN, stockbroker David Wilkie:
- Name: Mr. David John Wilkie
- Current Employer: Not Currently registered with FINRA
- Previous Firms: Voya Financial Advisors, ING Financial Partners, dba David Wilkie Independent Insurance Agent
- Function: Stock Broker/ Financial Advisor
- Aliases: David Wilkie
- Primary Location: Mendota Heights, MN
- CRD 467130
- Can David Wilkie be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Terminated by prior employer: Yes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With David Wilkie As Your Stockbroker?
David Wilkie was suspended for six months (ending 2/14/2023) by FINRA and fined $10,000 for violating his firm’s policy requiring disclosure and approval of his beneficiary status. Wilkie entered into an agreement with an insurance customer to pay 60% of the premiums on the customer’s life in exchange for for the same percentage of the death benefit. To further conceal this from his firm Wilkie caused the customer to change the beneficiary from Wilkie to Wilkie’s son.
Allegations of Broker Misconduct Against David Wilkie by Securities Regulator
FINRA found that David Wilkie committed the following wrongdoing in connection with the handling of customer accounts:
- Violated firm policy regarding being named as a beneficiary
Voya Financial discharged David Wilkie in 3/2021 for violation of firm policy.
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 Wilkie, 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.
