Andre Davis: Investor Seeks $100,000 in Suitability, Churning Complaint

Andre Davis

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on September 13, 2018 indicate that New Jersey-based First Standard Financial Company broker Andre Davis has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Davis (CRD# 1417097).

Andre Davis has spent 18 years in the securities industry and has been registered with First Standard Financial Company in Red Bank, New Jersey since 2015. Previous registrations include National Securities Corporation in Red Bank, New Jersey (2012-2015); Brookstone Securities in Staten Island, New York (2010-2012); Newbridge Securities in Red Bank, New Jersey (2004-2010); LH Ross & Company in Boca Raton, Florida (2004); First Montauk Securities Corporation in Red Bank, New Jersey (2000-2004); and JW Barclay & Company in Woodbridge, New Jersey (2000). He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on April 7, 2000 and Series 7 (General Securities Representative Examination), which he obtained on March 7, 2000. He is a registered broker with 39 US states and territories.

According to his BrokerCheck report, he has received five customer complaints and one pending customer complaint.

In July 2018 a customer alleged Andre Davis, while employed at First Standard Financial, churned investments and made unsuitable trades. The customer is seeking $100,000 in damages in the pending complaint.

In 2016 a customer alleged Andre Davis, while employed at First Standard Financial Company, recommended unsuitable investments. The complaint, in which he was not the broker of record, settled for more than $24,900.

In 2011 a customer alleged Andre Davis, while employed at Newbridge Securities Corporation, misrepresented material facts related to investments and guaranteed an investment against loss. The complaint settled for $11,000.

In 2010 a customer alleged he, while employed at Newbridge Securities Corporation, executed unauthorized trades, recommended unsuitable investments, executed excessive trades, charged excessive commissions, and misrepresented material facts related to investments in stocks and exchange-traded fund products. The complaint settled for $12,500.

In 2010 a customer alleged he, while employed at Newbridge Securities Corporation, used high pressure sales tactics, misrepresented and omitted material facts, and made unsuitable transactions. The complaint settled for $135,000.

In 2009 a customer alleged he, while employed at Newbridge Securities Corporation, executed unauthorized trades, failure to enter stop losses, and failed to respond to phone calls. The complaint settled for $63,000.

If you or someone you know has lost money investing with Andre Davis, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect 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.