Investors Allege David Karin Made Misleading Investment Recommendations

David Karin (CRD #: 2486154), a broker registered with Western International Securities, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on May 10, 2025. Keep reading if you have questions about his alleged conduct as a broker.

Investor Dispute

Two disputes, filed on August 29, 2024, and March 21, 2025, alleged that David Karin made unsuitable and misleading investment recommendations. The clients seek a collective $275,000 in these pending disputes.

On November 23, 2022, an investor alleged that David Karin gave unsuitable investment recommendations and made misrepresentations. The client sought $1.22 million in damages and received a settlement of $420,000.

FINRA Rule 2111

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

Investors who rely on brokers for recommendations may be able to recover their losses by seeking out FINRA arbitration.

FINRA Rule 2020

The misrepresentation of information related to investments violates FINRA Rule 2020, which bans the use of deception, manipulation, and other unethical tactics to influence investors’ decisions.

Background Information

David Karin has passed the following exams:

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

David Karin is a registered broker in seven states and a registered investment adviser in California.

He has also worked for the following firms:

• Chase Investment Services (CRD#:25574)
• WaMu Investments (CRD#:599)
• Schoff & Baxter (CRD#:3290)
• Cal Fed Investments (CRD#:19631)
• Glenfed Brokerage Services (CRD#:13648)
• Baraban Securities (CRD#:7659)

Kurta Law Can Help

If you worked with David Karin and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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.