David Reynolds from Modesto, California Barred From Securities Industry
Have you lost money with financial advisor David Reynolds of Modesto, California? We are investigating allegations made by FINRA (the Financial Industry Regulatory Authority), against David Lee Reynolds. FINRA barred David Reynolds from the securities industry after he failed to respond to an investigation. FINRA was investigating Reynolds regarding allegations that he misappropriated customer funds while he was affiliated with Princor Financial Services, also known as Principal Securities.
David Reynolds was a financial advisor and registered representative of Princor Financial Services from 2008 to December 2015. He also worked with Allstate Financial Services from January 2016 to October 2017.
Brokerage firms like Princor Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in California. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Reynolds, David FINRA AWC
Click to view: Reynolds, David BrokerCheck 11.29.17
If you lost money with David Reynolds or Princor Financial Services, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.