Last Updated: February 2024 (Austin, TX)
Jeffrey Davidson Investigation Summary
Here’s what you need to know about Austin, TX, stockbroker Jeffrey Davidson:
- Name: Mr. Jeffrey Wayne Davidson
- Current Employer: Victory Financial (RIA), Currently suspended by FINRA from acting as a broker
- Previous Firms: Equitable Advisors
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Jeffrey Davidson
- Primary Location: Austin, Texas
- CRD 4585780
- Can Jeffrey Davidson be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Discharged 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 Jeffrey Davidson As Your Stockbroker?
In 2/2024 Jeffrey Davidson was suspended for 21 months (2/2024-11/2025) by FINRA and assessed a civil and administrative penalty/fine of $15,000. Davidson consented to the entry of findings that he participated in a private securities offering that raised $10.21 million that he founded and co-owned without providing written notice to his member firm or receiving written approval from it. Davidson and his co-owner received about $2.4 million by selling a portion of their ownership in the company to investors.
In 2022 Davidson was discharged by Equitable Advisors for engaging in a private securities transaction that was not reviewed or approved by the firm.
Davidson was registered with Purshe Kaplan Sterling Investments from 2/2022-3/2023.
Private Placements under Reg D: What is a Private Placement? According to the U.S. Securities and Exchange Commission (SEC):
“Under the federal securities laws, a company may not offer or sell securities unless the offering has been registered with the SEC or an exemption from registration is available. Offerings exempt from the SEC’s registration requirements pursuant to Securities Act Section 4(a)(2) or its safe harbor under Regulation D of the Securities Act are often referred to as private placements.”
The SEC warns that unregistered offerings may be utilized to conduct investment scams and that investors should have the ability to weather a total loss in these illiquid investments. See this SEC Investor Alert about red flags to watch out for in unregistered offerings.
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
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
If you have suffered investment losses in an account handled by Jeffrey Davidson, 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.
