David Weinberg is the Subject of a Suitability Dispute

David Weinberg (CRD #: 2801555), a broker registered with Osaic Wealth, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on April 23, 2024. Details concerning this dispute are provided below. 

Investor Dispute 

On March 7, 2024, an investor alleged David Weinberg recommended an unsuitable oil & gas investment. The investor is seeking $50,000. 

FINRA Rule 2111 

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals.

Some common violations of this rule include:

• Recommendations of unsuitable investment strategies. For instance, overconcentration of securities in a certain stock or sector is typically unsuitable due to the degree of risk.
• Recommendations of high-risk or illiquid investments. These investments may lead to high fees for the investor.
• Unsuitable long-term investments. Investors may have liquidity needs that preclude long-term investments. 

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

Background Information 

David Weinberg has passed the following exams:

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in 15 states and is a registered investment adviser in Florida, Massachusetts, and Rhode Island. 

During his 27 years of experience, David Weinberg has registered with eight firms. These are the four most recent: 

These are the four most recent: 

• Osaic Wealth (CRD #: 23131) 
• Sagepoint Financial (CRD #: 133763) 
• Securian Financial Services (CRD #: 15296) 
• Ameriprise Financial Services (CRD #: 6363) 

Kurta Law Can Help 

If you have worked with David Weinberg 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.