David Dahill Allegedly Failed to Conduct Reasonable Due Diligence on Product
David Dahill (CRD #: 6581024), a broker registered with Realized Financial, allegedly failed to conduct reasonable due diligence on an investment, according to his BrokerCheck record, accessed on May 3, 2023. Keep reading if you have questions about his alleged conduct as a broker.
On February 13, 2023, an investor filed a dispute alleging that David Dahill failed to conduct sufficient due diligence on NP Skyloft DST and failed to make certain disclosures about the investment. This dispute is currently pending.
FINRA Rule 2111 and Regulation Best Interest
FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must consult the investor’s profile, which describes their age, tax status, and other information.
Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.
FINRA Rule 2020
FINRA Rule 2020 bans the use of manipulation, deception, and other fraudulent means of influencing the purchase and sale of securities. This includes the misrepresentation or omission of information related to investments, such as their fees, potential returns, or limitations.
David Dahill has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
David Dahill is a registered broker in Texas.
He has also worked for WealthForge Securities (CRD#:152550).
Kurta Law Can Help
If you worked with David Dahill and you have concerns about your investments, please contact us today at 877-600-0098 or email@example.com for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.