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David Ferneding Facing FINRA Suspension

David Ferneding (CRD #: 2165740) has been suspended by FINRA. This is according to his BrokerCheck record, accessed on March 14, 2024. Keep reading if you have questions regarding this disclosure. 

Regulatory Action

On March 1, 2024, David Ferneding was suspended by Stifel, Nicolaus & Company following allegations he failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance. 

According to the Award, David Ferneding breached a promissory note. He was found liable for $419,172 in compensatory damages. You can read a copy of the award here. 

The suspension will continue until the payment is made or discharged. 

Background Information 

David Ferneding has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 
  • Series 8 General Securities Sales Supervisor Examination (Options Module & General Module) 
  • Series 24 General Securities Representative Examination 

During his 30 years of experience, David Ferneding has registered with eight firms. These are the five most recent: 

  • Stifel, Nicolaus & Company (CRD #: 793) 
  • Wells Fargo Clearing Services (CRD #: 19616) 
  • Morgan Stanley Smith Barney (CRD #: 149777) 
  • Morgan Stanley & Co. (CRD #: 8209) 
  • Morgan Stanley DW (CRD #: 7556) 

Kurta Law Can Help 

If you have worked with David Ferneding and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.

 

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