David Rockwell Ordered to Pay Over $1 Million to Customers
BOCA RATON, FLORIDA
Have you lost money with financial advisor David A. Rockwell of Cape Coral, Florida? We are looking into allegations made against David Rockwell, formerly known as David Boggess. The U.S. Attorney’s Office for the Middle District of Florida announced that Rockwell was sentenced to five years in prison and ordered to pay over $1 million in restitution. Rockwell was alleged to have sold fraudulent investments in low-income housing to clients.
In 2019, FINRA, the Financial Industry Regulatory Authority, barred Rockwell from the securities industry.
David Rockwell was a financial advisor and registered representative of Cetera Advisor Networks from June 2015 to August 2015. He worked at a branch office in Fort Myers, Florida.
Brokerage firms like Cetera Advisor Networks 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; Phoenix, Arizona; Ann Arbor, Michigan; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Cetera Advisor Networks.
Click to view BROKERCHECK: Rockwell, David BrokerCheck 6.3.21