David Gilenke Facing Misrepresentation Allegations

David Gilenke (CRD #: 5502866), a broker registered with Western International Securities, is involved in two investor disputes. This is according to his BrokerCheck record, accessed on November 1, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Disputes

In a pending dispute filed on September 11, 2024, an investor alleged that David Gilenke made an unsuitable and misleading investment recommendation. They seek $200,000 in damages.

On December 18, 2023, an investor alleged that David Gilenke misrepresented an investment. The investor is seeking $100,000. 

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles describe an investor’s risk tolerance, tax status, investing experience, and other information.

Investors who rely on brokers for recommendations may recover their losses by pursuing FINRA arbitration. 

FINRA Rule 2020

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.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2020 also violate this rule. 

Background Information 

David Gilenke has passed the following exams:

• Series 66 Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination
• Series 24 General Securities Principal Examination 

He is a registered broker in ten states and is a registered investment adviser in California, Pennsylvania, and Texas. 

During his 16 years of experience, David Gilenke has registered with two firms: Western International Securities (CRD #: 39262) and Financial West Group (CRD #: 16668). 

Kurta Law Can Help 

If you have worked with David Gilenke 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.