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Investors Allege David Goldstein Made Misrepresentations

David Goldstein (CRD #: 1718066), a broker registered with Securities America, is the subject of four pending disputes, according to his BrokerCheck record, accessed on March 29, 2023. Investors may have also engaged his services through WealthPlan Partners. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Disputes

On April 14, 2023, an investor alleged that David Goldstein engaged in negligent misrepresentation. 

Disputes filed on January 5, 2023, and November 7, 2022, allege that David Goldstein recommended unsuitable investments and made misrepresentations and omissions of material fact. The investors seek $225,000 in these pending disputes.

On November 28, 2022, an investor alleged that David Goldstein made unsuitable investment recommendations and misrepresentations. This dispute is currently pending.

On November 4, 2022, an investor filed a dispute alleging that David Goldstein engaged in negligent conduct. This dispute is also pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately fit an investor’s financial goals. Brokers must examine the information in the investor’s profile, including their age, risk tolerance, and tax status.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, and other fraudulent means of influencing investors’ decisions. The misrepresentation or omission of information violates this rule.

What qualifies as broker negligence?

Many types of misconduct may qualify as broker negligence, including giving unsuitable investment recommendations, misrepresenting material facts, or failing to supervise other brokers.

Investors who feel their losses are the result of broker negligence may be able to recover their funds by seeking out FINRA arbitration.

Background Information

David Goldstein has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 24 – General Securities Principal Examination

David Goldstein is a registered broker in eight states and a registered investment adviser in California.

He has also worked for the following firms:

  • Western International Securities (CRD#:39262)
  • United Advisors (CRD#:133668)
  • Securities America (CRD#:10205)
  • GunnAllen Financial (CRD#:17609)
  • Linsco/Private Ledger Corporation (CRD#:6413)
  • Sutro & Company (CRD#:801)
  • Municicorp of California (CRD#:7184)

Kurta Law Can Help

If you worked with David Goldstein and you have concerns about your investments, please contact us today at 877-600-0098 or 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.