NORTHBROOK, ILLINOIS — Israels & Neuman, PLC Investigates David Geake, Formerly of Madison Avenue Securities and Ausdal Financial
Have you lost money with financial advisor David R. Geake, formerly of Madison Avenue Securities and Ausdal Financial, and now with American Trust Investment Services in Northbrook, Illinois? We are looking into allegations made against David Geake, who has been the subject of eleven (11) customer complaints, three of which were filed in 2021. The customers allege that Geake sold them unsuitable investments, including investments in private placements, unit investment trusts (UITs), and investments in Geake’s private company.
David Geake was a registered representative of Madison Avenue Securities from 2007 to May 2015. He was also with Ausdal Financial from February 2016 to September 2018. He has been with American Trust Investment Services from September 2018 to the present. He has worked at branch offices in Northbrook, Illinois.
Brokerage firms like Madison Avenue Securities and Ausdal Financial 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; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Illinois. Attorney David Neuman is licensed to practice law in Illinois and worked for several firms in the Chicagoland area. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Madison Avenue Securities.
Click to view BROKERCHECK: Geake, David BrokerCheck 6.10.21
If you lost money with David Geake, Ausdal Financial, American Trust Investment Services, or Madison Avenue Securities, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.