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Investor Alleges Elias Davis Engaged in Theft

Elias Davis (CRD #: 4927669), a broker registered with Wells Fargo Clearing Services, was the subject of a recent investor dispute, according to his BrokerCheck record, accessed on November 20, 2022. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

On August 12, 2022, an investor alleged that Elias Davis engaged in the theft of thousands of dollars from her between March 28, 2022, and the filing of this dispute. The firm denied the dispute.

Investors should be aware, however, that firms can deny disputes without an outside review. Investors can still pursue FINRA arbitration following a denial and may be able to recover their losses.

FINRA Rule 2150

FINRA Rule 2150 prohibits the misuse and misappropriation of investors’ funds.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Misappropriation of investor funds automatically violates this rule. 

Background Information

Elias Davis has passed the following exams:

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

Elias Davis is a registered broker in seven states and the District of Columbia. He is also a registered investment adviser in Texas.

He has also worked for the following firms:

  • J.P. Morgan Securities (CRD#:79)
  • Chase Investment Services (CRD#:25574)
  • Wells Fargo Advisors (CRD#:19616)
  • AXA Advisors (CRD#:6627)

Kurta Law Can Help

If you worked with Elias Davis 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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