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Broker, David Boling, Faces Fraud Complaint

According to records provided by the Financial Industry Regulatory Authority (FINRA), former Texas-based Raymond James broker David Boling is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Boling (CRD# 1522213).

David Boling has spent 22 years in the securities industry and was most recently registered with Raymond James & Associates in El Paso, Texas (2013). Previous registrations include Morgan Keegan & Company in El Paso, Texas (2008-2013); Wachovia Securities in El Paso, Texas (2003-2008); Salomon Smith Barney in New York, New York (1993-2003); Lehman Brothers in New York, New York (1993); Merrill Lynch in New York, New York (1991-1993); and Texas Commerce Brokerage Company in Houston, Texas (1990-1991).

According to his BrokerCheck report, David Boling is the subject of five customer complaints and three pending customer complaints.

In 2013 a customer alleged David Boling, while employed at Raymond James & Associates, committed securities fraud and consumer fraud, engaged in unjust enrichment, misrepresented material facts, acted negligently, and breached his fiduciary duty. The customer is seeking $82,000,000 in damages in the pending complaint.

In 2013 a customer alleged David Boling, while employed at Morgan Keegan & Company, made unsuitable investment recommendations, committed fraud, and misrepresented material facts related to an investment in municipal bonds. The customer is seeking $2,500,000 in damages in the pending complaint.

In 2012 a customer alleged David Boling, while employed at Citigroup Global Markets, made unsuitable investment recommendations. The complaint settled in 2013 for $250,000.

In 2009 a customer alleged David Boling, while employed at Wachovia Securities, executed unsuitable and unauthorized trades, breached contract, committed fraud, and breached his fiduciary duty. The complaint settled in 2010 for $4,750,000.

In 2003 a customer alleged David Boling, while employed at Citigroup Global Markets, misrepresented material facts related to an investment. The complaint settled for a non-monetary amount.

In 1995 a customer alleged David Boling recommended unsuitable investments. The complaint settled for $18,296.

If you have lost money investing with David Boling, you may be able to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds.  Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.