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David Seigerman: Has Been Sanctioned by FINRA Twice

David SeigermanPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on December 7, 2016 indicate that former New Jersey-based Janney Montgomery Scott broker David Seigerman has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Seigerman (CRD# 2200011).

David Seigerman has spent twenty years in the securities industry and was most recently registered with Janney Montgomery Scott in Bedminster, New Jersey (2013-2016). Previous registrations include Morgan Stanley in Florham Park, New Jersey; Citigroup Global Markets in Florham Park, New Jersey; Morgan Stanley DW in Miami, Florida; and Jefferson-Pilot Securities in Fort Wayne, Indiana. He is currently not registered with any state or firm.

According to his BrokerCheck report, David Seigerman has received two FINRA sanctions, one customer complaint, and one pending customer complaint.

In July 2016 FINRA sanctioned David Seigerman following allegations he “failed to respond to FINRA request for information.” He was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.

In April 2016 FINRA sanctioned David Seigerman following allegations he “failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.” He was suspended.

In 2014 a customer alleged he, while employed at Morgan Stanley, failed to follow instructions and breached his fiduciary duty. The customer is seeking $350,000 in damages in the pending complaint.

In 2010 a customer alleged he, while employed at Morgan Stanley, executed unauthorized purchases. The complaint settled in 2011 for $43,000.

If you have lost money investing with David Seigerman, you may be entitled to recover lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you recover money. 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.