John Francis Davenport (CRD #1448999) Has Regulatory, Customer Dispute, Financial, and Judgment/Lien Disclosures on FINRA BrokerCheck

John Francis Davenport (CRD #1448999) was previously registered as a broker and has multiple disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on March 17, 2026. It reflects three regulatory events, four customer disputes, one employment separation, one financial disclosure, and one judgment/lien. If you invested with John Davenport and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Action(s)

John Davenport’s FINRA BrokerCheck report reflects three regulatory event disclosures. Summaries of two events are below. One additional regulatory event is listed on BrokerCheck.

On January 14, 2026, John Davenport FINRA BrokerCheck reported a pending Connecticut regulatory action. The report says the matter concerns recordkeeping deficiencies, inaccurate Form U4 disclosures about tax liens, and the omission of six attorney-license suspensions from Form U4.

On December 23, 2021, John Davenport FINRA BrokerCheck reported a final action by the State of Connecticut Insurance Department. The report states the matter settled with a $10,000 fine, an ethics course, and one year of probation. BrokerCheck says the case involved client impersonation and unlicensed activity during calls to an insurer.

Employment Separation

John Davenport’s FINRA BrokerCheck report reflects one employment separation after allegations. A summary of the disclosure is below:

John Davenport FINRA BrokerCheck states that Royal Alliance Associates, Inc. discharged him on January 11, 2007. The firm reported that he provided inaccurate information about the income statement of his independent advisory business to SEC examination staff. His comment says he and the firm shared counsel and changed broker-dealers while parting on good terms.

Investor Disputes / Customer Complaints

John Davenport’s FINRA BrokerCheck report reflects four customer dispute disclosures. Summaries of two disputes are below. Two additional customer disputes are listed on BrokerCheck.

On October 30, 2023, a customer alleged that John Davenport sold an unsuitable alternative investment. John Davenport FINRA BrokerCheck lists the product as a real estate security. The customer requested $150,000, and the matter settled for $15,000 on December 23, 2024.

On July 27, 2019, a customer alleged unsuitable recommendations, inadequate due diligence, negligence, misrepresentation, omission of material fact, and breach of fiduciary duty. John Davenport FINRA BrokerCheck lists the product as a variable annuity. The matter settled for $325,000 on September 15, 2021.

Financial Disclosures

John Davenport’s FINRA BrokerCheck report reflects one financial disclosure. A summary of the disclosure is below:

John Davenport FINRA BrokerCheck lists a Chapter 7 bankruptcy filed on February 2, 2017 in the United States Bankruptcy Court for the District of Connecticut. The report shows a discharge date of October 4, 2017. His statement says the filing related to a new venture and lease agreements entered without his approval.

Judgment / Lien Disclosures

John Davenport’s FINRA BrokerCheck report reflects one judgment/lien disclosure. A summary of the disclosure is below:

John Davenport FINRA BrokerCheck lists an IRS tax lien in the amount of $1,828,159.00. The report states the lien was filed on June 8, 2016 and remained outstanding when BrokerCheck generated the report. His statement says he expected the final settlement amount to be much lower than the amount originally filed.

Rule Summary #1: FINRA Rule 4511 (General Requirements)

FINRA Rule 4511 requires firms to make and preserve books and records required under FINRA rules and the Exchange Act. That rule can matter when a disclosure involves inaccurate firm records, missing records, or unapproved business communications.

Rule Summary #2: FINRA Rule 1122 (Filing of Misleading Information as to Membership or Registration)

FINRA Rule 1122 bars filing incomplete or inaccurate registration information that could mislead. It also requires corrections after notice. Form U4 disclosure issues often raise questions under this rule.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on His FINRA BrokerCheck report, John Davenport:

Is not currently registered as a broker.

Has passed the Securities Industry Essentials (SIE) exam. John Davenport has passed Series 7 and Series 6. He has also passed Series 65 and Series 63.

Was previously registered with firms that include Liberty Partners Financial Services, LLC, Securities America, Inc., and FSC Securities Corporation.

Kurta Law Can Help

If you have worked with John Davenport and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Unsuitable Investments | Securities Attorney

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. The firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.