David Kristopher Griffith (CRD #3072664) Has Customer Dispute Disclosures on FINRA BrokerCheck
David Kristopher Griffith (CRD #3072664) has been the subject of disclosure events, which have recently been reported on his FINRA BrokerCheck Report. According to David Kristopher Griffith’s FINRA BrokerCheck report accessed on January 19, 2026, David Kristopher Griffith has been the subject of five customer disputes. If you invested with David Kristopher Griffith and you have concerns about his activity, keep reading.
BrokerCheck link: BrokerCheck
BrokerCheck report: BrokerCheck Report (PDF)
Investor Disputes / Customer Complaints
David Griffith’s FINRA BrokerCheck Report reflects five customer dispute disclosures. Summaries of two of the disputes are below:
On November 19, 2025, an investor filed a pending customer dispute alleging that David Griffith recommended alternative products from March 2017 through January 2021. The issuer allegedly filed for Chapter 11 bankruptcy, and the investor is seeking $475,000 in damages. The allegations include failure to conduct due diligence, unsuitable recommendations, breach of contract, breach of fiduciary duty, and negligence. David Griffith’s statement reflects that the customer invested in the products in 2017 and received income until the customer passed away in 2022, and that the customer’s estate representative later submitted the complaint. The firm states it believes the products were suitable based on the customer’s financial circumstances and risk tolerance.
On March 18, 2024, a customer dispute related to alternative products reached a final arbitration award. The customers alleged that David Griffith recommended the products from March 2020 through December 2020, and the issuer later filed for Chapter 11 bankruptcy. The customers requested $100,001 in damages, and the arbitrators awarded $133,835.31 in compensatory damages. The allegations include failure to conduct due diligence, material misrepresentation, negligence, and unsuitable recommendations. David Griffith’s statement reflects that the clients requested the products and that he advised them against increasing their investment later, and that the clients signed paperwork acknowledging the risks.
BrokerCheck reflects three additional customer dispute disclosures.
Rule summary #1: FINRA Rule 2111 (Suitability)
FINRA Rule 2111 (Suitability) requires brokers and firms to have a reasonable basis to believe a recommended transaction or investment strategy is suitable for the customer based on the customer’s investment profile and the facts of the recommendation.
Rule summary #2: FINRA Rule 2020
FINRA Rule 2020 prohibits brokers and firms from inducing the purchase or sale of any security through manipulative, deceptive, or otherwise fraudulent means. The rule is often cited in matters involving material misstatements or omissions.
Why this Matters to Investors (Regulation Best Interest)
Regulation Best Interest (Reg BI) is a U.S. securities regulation designed to strengthen the standard of conduct that broker-dealers owe to retail investors when making recommendations about securities transactions or investment strategies. Adopted by the U.S. Securities and Exchange Commission and effective as of June 30, 2020, Reg BI aims to enhance investor protection while preserving investor access to brokerage products and services.
Reg BI requires broker-dealers and financial advisors to act in the best interest of the retail customer at the time a recommendation is made, and not to place their own financial or other interests ahead of the customer’s. This represents a higher standard than the historical “suitability” requirement, which only required that recommendations be suitable, not necessarily optimal or conflict-free.
Reg BI is built around four key obligations:
- Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and recommendations, including fees, scope of services, and conflicts of interest.
- Care Obligation – Recommendations must be made with reasonable diligence, care, and skill, considering costs, risks, and alternatives.
- Conflict of Interest Obligation – Firms must identify, disclose, and mitigate or eliminate conflicts, particularly those that create incentives to favor one product over another.
- Compliance Obligation – Firms must establish policies and procedures designed to ensure compliance with Reg BI as a whole.
Importantly, Reg BI applies at the recommendation level, not as a continuous duty like the fiduciary standard applicable to registered investment advisers. Still, it significantly narrows the gap by emphasizing cost considerations, conflict management, and investor-focused decision-making.
Overall, Regulation Best Interest seeks to promote transparency, improve the quality of investment recommendations, and reinforce trust between retail investors and broker-dealers in the U.S. securities markets.
Background Information (from BrokerCheck)
Based on his BrokerCheck Report, David Griffith:
- Is currently employed by and registered with LifeMark Securities Corp.
- Has passed the Securities Industry Essentials (SIE), Series 7, Series 24, Series 65, and Series 63 exams.
- Was previously registered with firms that include Leigh Baldwin & Co., LLC, IBN Financial Services, Inc., and Robert W. Baird & Co. Incorporated.
Kurta Law Can Help
If you have worked with David Griffith and you have concerns about his activity, Kurta Law may be able to help you evaluate potential recovery options. You may be entitled to pursue a claim through FINRA arbitration, depending on the facts of your situation and the investments involved. Contact Kurta Law at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
Helpful resources: Unsuitable Investments | Misrepresentation and Omission
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