Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on February 12, 2019 indicate that Washington-based NYLife Securities broker/adviser Steven Davis, who has received customer disputes, was recently named in a pending state regulatory action. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Davis (CRD# 1618380).
Steven Davis has spent 30 years in the securities industry and has been registered with JP Morgan Securities in Fairfield, Connecticut since March 2018. Previous registrations include Royal Alliance Associates in Wakefield, Massachusetts (2010-2018); Signator Investors in Warwick, Rhode Island (2007-2010); Waddell & Reed in West Warwick, Rhode Island (2006); Banc of America Investment Services in Attleboro, Massachusetts (2004-2006); Quick & Reilly in New York, New York (2003-2004); Commonwealth Financial Network in Waltham, Massachusetts (2001-2003); Jefferson Pilot Securities Corporation in Fort Wayne, Indiana (2000-2001); Polaris Financial Services in Concord, New Hampshire (2000); Fisco Equity in Lincoln, Rhode Island (1992-2000); Tucker Anthony in Boston, Massachusetts (1989-1991); and Putnam Financial Services in Boston, Massachusetts (1987-1989). He has passed six securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on November 24, 2001; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on September 21, 1989; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 7 (General Securities Representative Examination), which he obtained on September 16, 1989; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on January 27, 1987; and Series 24 (General Securities Principal Examination), which he obtained on June 28, 1994. He is a registered broker and investment adviser with nine US states: California, Connecticut, Florida, New Hampshire, New Jersey, New York, North Carolina, Rhode Island, and Texas.
According to his BrokerCheck report, he has received two customer complaints and one pending regulatory complaint.
In January 2019 he was named in a complaint by the Massachusetts Securities Division in connection to allegations he breached his fiduciary duty to certain clients when he recommended an unsuitable variable annuity exchange. The complaint remains pending.
In 2003 a customer alleged Steven Davis, while employed at Jefferson Pilot Securities Corporation, recommended a variable annuity policy which they had not yet received. The complaint settled for more than $1,400.
In 1997 a customer alleged Steven Davis, while employed at Fisco Equity, executed unauthorized trades, acted negligently, omitted material facts, and made an unsuitable investment recommendation. The complaint resulted in an award to the customer of $3,760.
If you or someone you know has lost money investing with Steven Davis, call the experienced attorneys at 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.