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Investor Alleges David Warshaw Conducted Unauthorized Distributions from Trust

May 3, 2022 Unauthorized Trading

David Warshaw (CRD #: 4702122), a former broker, is involved in an investor dispute, according to his BrokerCheck record, accessed on April 22, 2022. Keep reading if you have questions about his conduct as a broker.

Allegations of Unauthorized Distributions

On January 17, 2022, a trustee alleged David Warshaw conducted unauthorized distributions from her trust. The trustee seeks $68,221 in this pending dispute.

FINRA Rule 2150 and 3260

FINRA Rule 2150 prohibits the improper use of investors’ funds and securities and Rule 3260 bans unauthorized trading in clients’ accounts. Only in discretionary accounts can investors execute transactions without the investor’s permission. 

Background Information

David Warshaw has passed the following exams:

  • Series 66 - Uniform Combined State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination

He has also worked for the following firms:

  • American Portfolios Financial Services (CRD#:18487)
  • Ameriprise Financial Services (CRD#:6363)
  • IDS Life Insurance Company (CRD#:6321)

Kurta Law Can Help

If you worked with David Warshaw 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.