Last Updated: January 2024 (San Antonio, Texas)
David McNally Investigation Summary
Here’s what you need to know about San Antonio, TX, stockbroker David McNally:
- Name: Mr. David Dorn McNally
- Current Employer: McNally Financial Services (owner)
- DBA: David D. McNally, CFP
- Previous Firms: Titleist Asset Management
- Function: Stock Broker/ Financial Advisor
- Aliases: David McNally
- Primary Location: San Antonio, Texas
- CRD 839798
- Can David McNally be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $300,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With David McNally As Your Stockbroker?
In 2021 a customer of McNally Financial was paid $300,000 to resolve allegations that David McNally breached his fiduciary duty, committed elder abuse under the CA Welfare and Institution Code and violation of California Corporation Code Section 25400, et seq.
In 2019 a customer of McNally Financial was paid $300,000 to resolve allegations that David McNally failed to disclose the extent of risk, traded the account without authority, made unsuitable recommendations and committed elder abuse.
Information on Elder Financial Abuse
Allegations of Broker Misconduct Against David McNally
Customers of David McNally have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Violations of California Statutes
- Elder Abuse
- Failed to disclose extent of risk
- Churning
What is Excessive Trading (Churning)?
Solicited vs Unsolicited Trades
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
Investigations of other McNally Financial Services brokers
If you have suffered investment losses in an account handled by David McNally, 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.
