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Davie Ambrose Allegedly Made Unauthorized Investments

Davie Ambrose (CRD #: 1580051), a broker registered with PFS Investments, allegedly executed unauthorized transactions, according to his BrokerCheck record, accessed on June 29, 2023. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Dispute

On April 2, 2023, an investor alleged that Davie Ambrose executed unauthorized investment purchases. The client seeks $300,000 in damage in this pending dispute.

FINRA Rule 3260

FINRA Rule 3260 requires brokers to receive written authorization from their clients before engaging in discretionary trading. Discretionary accounts must also be approved by the firm before this trading can occur.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of many other rules may also qualify as violations of FINRA Rule 2010.

Background Information

Davie Ambrose has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination
  • Series 26 – Investment Company Products/Variable Contracts Principal Examination

Davie Ambrose is a registered broker in nine states.

Kurta Law Can Help

If you worked with Davie Ambrose 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. 

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