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David Petty (Raymond James) Has Ten Customer Complaints

David PettyPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 9, 2016 indicate that Alabama-based Raymond James & Associates broker/adviser David Petty has received numerous customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Petty (CRD# 2031149).

David Petty has spent 26 years in the securities industry and has been registered with Raymond James & Associates in Montgomery, Alabama since 2013. Previous registrations include Morgan Keegan & Company in Montgomery, Alabama; Regions Investment Company in Birmingham, Alabama; American Express Financial Advisors in Minneapolis, Minnesota; IDS Life Insurance Company in Minneapolis, Minnesota; and the Stuart-James Company in Denver, Colorado. He is a registered broker and investment adviser with nine US states and territories: Alabama, Florida, Georgia, Maryland, Mississippi, North Carolina, Tennessee, Texas, and Virginia.

According to his BrokerCheck report, David Petty has received ten customer complaints.

In 2011, a customer alleged David Petty, while employed at Morgan Keegan & Company, recommended unsuitable mutual fund investments. The complaint settled in 2012 for $8,750.

In 2010, a customer alleged David Petty, while employed at Morgan Keegan & Company, recommended unsuitable mutual fund purchases. The complaint settled in 2011 for $13,899.

In 2010, a customer alleged David Petty, while employed at Morgan Keegan & Company, misrepresented and recommended unsuitable mutual fund purchases. The complaint settled in 2012 for more than $168,800.

In 2010, a customer alleged David Petty, while employed at Morgan Keegan & Company, recommended unsuitable mutual funds. The complaint settled in 2013 for $45,430.

In 2010, a customer alleged David Petty, while employed at Morgan Keegan & Company, made unsuitable investment recommendations. The complaint settled in 2012 for $11,000.

In 2010, a customer alleged David Petty, while employed at Morgan Keegan & Company, made material misrepresentations and unsuitable investment recommendations. The complaint settled in 2011 for more than $30,200.

In 2009, a customer alleged David Petty, while employed at Morgan Keegan & Company, misrepresented and recommended unsuitable investments. The complaint settled in 2011 for more than $26,600.

In 2009, a customer alleged David Petty, while employed at Morgan Keegan & Company, recommended unsuitable investments and misrepresented material facts. The complaint settled in 2010 for $50,000.

In 2009, a customer alleged David Petty, while employed at Morgan Keegan & Company, misrepresented and recommended unsuitable mutual funds. The complaint settled in 2010 for $36,950.

If you or someone you know has complaints regarding David Petty, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.