January 2019-Austin, TX
According to public records of Daniel Davila, III (CRD#1686004) a stockbroker employed by Purshe Kaplan Sterling Investments, discloses the recent resolution of a customer suit.
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.
In October 2017, a customer of Davila’s prior employer, Triad Advisors, Inc., filed FINRA Case 17-02724 alleging that recommendations to purchase non-traded REITs and private placement investments were unsuitable . The case was settled for $670,000.
In November 1998 a customer of Davila’s prior employer, HD Vest, alleged breach of contract, breach of fiduciary duty, fraud, conspiracy, deception trade practices and negligence. That case was settled for $450,000.
Davila has been employed with Purshe Kaplan Sterling Investments since October of 2014. He was previously employed with Triad Advisors from 10/2009-10/2014. Davila discloses a business affiliation with Austin Wealth Management,
If you have losses in an account in an account handled by Daniel Davila, III contact us for a no charge consultation to learn how you may be able to recover damages from his employer through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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