Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on October 11, 2016 indicate that former New York-based LPL Financial broker David Garces is currently not affiliated with any broker-dealer firm. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Garces (CRD# 5975278).
David Garces has spent two years in the securities industry and was most recently registered with LPL Financial in Brooklyn, New York (2015-2016). He was previously registered with MetLife Securities in New York, New York (2012-2013). He is currently not registered with any state or firm.
According to his BrokerCheck report, David Garces was recently discharged from his position at LPL Financial.
In July 2016 David Garces was terminated from LPL Financial following allegations he violated firm policy related to outside business activities.
FINRA rules dictate that brokers like David Garces may not participate in outside business activities without providing written notice to their employer. Specifically, FINRA Rule 3270 states: “No registered person may be an employee, independent contractor, sole proprietor, officer, director or partner of another person, or be compensated, or have the reasonable expectation of compensation, from any other person as a result of any business activity outside the scope of the relationship with his or her member firm, unless he or she has provided prior written notice to the member, in such form as specified by the member.” Brokers who violate this rule may be subject to disciplinary activity.
If you have lost money investing with David Garces, 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.