David D Davis (CRD #3047789) Has a Criminal Charge Disclosure on FINRA BrokerCheck

David D Davis (CRD #3047789) is a broker with a criminal disclosure on FINRA BrokerCheck. We reviewed his BrokerCheck report on April 10, 2026. It reflects one pending criminal charge. If you invested with David Davis and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Criminal Charges

David Davis’s FINRA BrokerCheck Report reflects one pending criminal charge disclosure. A summary of the disclosure is below:

On January 29, 2026, David Davis FINRA BrokerCheck reported a pending criminal charge in Austin City Municipal Court in Austin, Texas. The case number is D1DC26300388. BrokerCheck lists one felony count for stalking. It says no plea had been entered at the time of the report.

Rule Summary #1: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires firms and associated persons to observe high standards of commercial honor and just and equitable principles of trade. Criminal disclosures can raise concerns about conduct, judgment, and investor trust.

Rule Summary #2: FINRA Rule 3110 (Supervision)

FINRA Rule 3110 requires firms to maintain a supervisory system that is reasonably designed to achieve compliance with securities laws and FINRA rules. When a broker has a criminal disclosure, questions may follow about supervision, escalation, and risk controls.

Why This Matters to Investors (Regulation Best Interest (Reg BI))

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, David Davis:

Is currently registered with J.P. Morgan Securities LLC.

Has passed the Securities Industry Essentials (SIE) exam. David Davis has passed Series 7 and Series 6. He has also passed Series 65, Series 63, and Series 24.

Was previously registered with firms that include Wells Fargo Clearing Services, LLC, Chase Investment Services Corp., Banc One Securities Corporation, and Compass Brokerage, Inc.

Kurta Law Can Help

If you have worked with David Davis and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. A securities attorney can help you assess potential causes of action and determine whether your losses may be recoverable through FINRA arbitration or other avenues. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | What Is Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.