The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding California-based Stifel Nicolaus broker/adviser Joel Davidman (CRD# 861180).
Joel Davidman has spent 34 years in the securities industry and has been registered with Stifel Nicolaus & Company in Los Angeles, California since June 2015. Previous registrations include Morgan Stanley in Beverly Hills, California (2009-2015); Morgan Stanley & Company in Beverly Hills, California (2007-2009); and Morgan Stanley DW Inc. in Beverly Hills, California (1981-2007). Mr. Davidman is a broker and investment adviser registered in five US states and territories: Arizona, California, the District of Columbia, Georgia, and Wisconsin.
According to his BrokerCheck report, Joel Davidman is the subject of two customer complaints and has been discharged from Morgan Stanley.
In 2015 Joel Davidman was discharged from his position at Morgan Stanley Smith Barney following allegations he made discretionary trades in client accounts without written authorization. The trades in question involved real estate investment trusts (REITs), asset-backed debt, corporate debt, government debt, and municipal debt securities.
In 2008 a customer alleged Joel Davidman, while employed at Morgan Stanley, unsuitably used margin in the customer’s account. The complaint settled in 2009 for $225,000.
In 1999 a customer alleged Joel Davidman, while employed at Dean Witter Reynolds, made unauthorized and risky transactions. The customer sought $14,000 in damages in the complaint, which was denied.
If you have lost money investing with Joel Davidman or Morgan Stanley, you may be entitled 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 contingency: Fitapelli Kurta only gets paid if and when you collect money. You may have a limited window to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.