WARNING! David Stevens of Park Avenue Securities is BARRED

Israels & Neuman, PLC

FINRA Bars David Stevens, Formerly with Park Avenue Securities, Regarding Loans from Insurance Policies

LA JOLLA, CALIFORNIA

Have you lost money investing with David Stevens, formerly with Park Avenue Securities? The securities and investment fraud law firm of Israels & Neuman is reviewing allegations made against David Stevens, who previously worked with Park Avenue Securities in La Jolla, California. FINRA (the Financial Industry Regulatory Authority) barred Stevens from the securities industry.

The FINRA investigation was initiated after Stevens was fired by Park Avenue Securities. He was fired after Park Avenue Securities discovered that between 2016 and 2020, he convinced a customer to take multiple loans totaling $1 million from insurance policies. To justify the loans, Stevens allegedly submitted two fictitious letters which were purportedly send by the customer’s lawyer and accountant.

David Michael Stevens had been a financial advisor at Park Avenue Securities’ La Jolla, California office from November 2015 to November 2020. Stevens also held insurance licenses through Guardian Life Insurance Company. Stevens was previously discharged by MML Investors Services in 2015 and “permitted to resign” by Multi Financial Services in 1999.

Israels & Neuman has represented investors against Park Avenue Securities. We represent investors in all 50 states, including investors in southern California.

Click to view: Stevens, d FINRA AWC

Click to view: Stevens, d BrokerCheck 3.22.22

If you lost money with David Stevens, Park Avenue Securities, or UBS Financial Services, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

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