David Butler of Veritas Facing $8,000 Fine from Arkansas Securities Commissioner
David Butler (CRD #: 5876965), a broker registered with Veritas Independent Partners of Cabot, Arkansas, was fined $8,000 by the Arkansas Securities Commissioner, according to his BrokerCheck record, accessed on August 17, 2021. More details are provided below.
On June 16, 2021, the Arkansas Securities Commissioner alleged that David Butler violated securities rules when he made an improper payout to his investor on April 1, 2020. He allegedly attempted to correct this error on April 7, 2020, by transferring funds from a third-party business account. David Butler allegedly did this without notifying his firm of the error. Arkansas fined David Butler $8,000 and imposed sanctions that included a plan of heightened supervision.
There is a similar regulatory action on his record. On November 20, 2018, David Butler was fired from his firm following allegations that he attempted to settle an investor dispute outside of his firm. Arkansas fined David Butler $3,000.
David Butler Background Information
David Butler has passed the following exams:
- Series 66 Uniform Combined State Law Examination
- Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
He is a registered investment adviser and broker in Arkansas.
David Butler has worked with the following firms:
- Veritas Independent Partners (CRD #: 169291)
- EGP Wealth Management (CRD #: 298338)
- Edward Jones (CRD #: 250)
Kurta Law Can Help
If you worked with David Butler of Cabot, Arkansas and you have concerns about your investments, contact Kurta Law today. Call 877-600-0098 or email email@example.com.