Tag Archives: Purshe Kaplan Sterling Investments

Daniel Davila, III- Purshe Kaplan Sterling Broker-Discloses Customer Suit Over REIT Investments-Austin, TX

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Wesley Perkins-World Tree Financial-Charged With Cherry-Picking Trades-Lafayette, LA

October 2018- Lafayette, LA

The FINRA records of  Wesley Kyle Perkins ,  a  former stock broker who is not currently registered and who was last employed by Purshe Kaplan Sterling Investments  disclose  that he is currently named in an civil action filed by regulators alleging ‘cherry picking’ and is the subject of one pending and 4 prior customer disputes

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 September 2018, the U.S. Securities and Exchange Commission (SEC) filed an action alleging that Wesley K. Perkins and his company World Tree Financial LLC operated a cherry picking scheme that defrauded World Tree Clients. According to the complaint, for 4 years Perkins reaped substantial profits at his client’s expense by cherry-picking trades, allocating favorable trades to favored accounts, including his own, and unprofitable trades to other accounts.

The SEC is seeking an injunction, disgorgement of illicit profits and civil penalties.

In a civil action pending in Lafayette Parish, customers of Perkins are seeking damages of $1.1 million for the mismanagement of their accounts.

Wesley Perkins was employed by Purshe Kaplan Sterling Investments from 12/2009-8/2018.

If you have losses in an account handled by Wesley Perkins  call for a no charge consultation to learn about your options for recovery of damages.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870