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Dale Davenport Fined and Suspended by FINRA

Dale Davenport Fined and Suspended by FINRA 150 150 Robert H. Rex

By Robert H. Rex, Esq. 

In March 2014, FINRA fined Dale Wesley Davenport of Stuart, Florida, $7,500 and suspended him for six months for failing to report a tax lien filed against his home. Findings also state that Davenport paid an individual who had never been registered with a member firm for the referral of a customer based upon commissions generated from transactions in the customer’s account. 

According to FINRA records, Davenport is not currently registered as of March 2014. He was previously registered with: 

Newbridge Securities 4/2011-1/2014
Investors Capital Corp 11/2002-3/2011
Makefield Securities 11/1993-11/2002

Davenports FINRA record which may be accessed on the BrokerCheck website, discloses  4 customer disputes involving direct investments and limited partnerships. 

If you had an account with Davenport that suffered losses you may be able to recover damages. Call to speak with an experienced securities attorney. 

Nationwide representation.


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