David Ford is Facing Allegations of Misrepresentation and Unsuitable Recommendations

David Ford (CRD #: 2246830), a broker registered with LPL Financial is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on March 28, 2024. Investors may have engaged his services through Ford Financial Group. 

Investor Allegations 

On January 31, 2024, an investor made allegations of misrepresentation and unsuitable recommendations. The dispute was denied by the firm, but investors should know that firms can deny disputes without any external review. Investors can recover their losses following a denial.

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

David Ford has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in 22 states and is a registered investment adviser in six states. During his 31 years of experience he has registered with six firms: 

• LPL Financial (CRD #: 6413) 
• Securities America Advisors (CRD #: 110518) 
• Securities America (CRD #: 10205) 
• Investment Centers of America (CRD #: 16443) 
• American Express Financial Advisors (CRD #: 6363) 
• IDS Life Insurance Company (CRD #: 6321) 

Kurta Law Can Help 

If you have worked with David Ford and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.