DID JOHN DAVENPORT CAUSE YOU INVESTMENT LOSSES?
John Davenport Of Liberty Partners Financial Services, LLC, Liberty Partners Capital Management And Formerly With Securities America, Securities America Advisors Has 3 Customer Complaints For Alleged Broker Misconduct
Who is John Davenport of Liberty Partners Financial Services, LLC?
John Davenport (CRD #1448999) who is currently registered with Liberty Partners Financial Services, LLC, Liberty Partners Capital Management and located in Norwalk, Connecticut is a subject of one of our many securities industry sales practice abuse investigations. Prior to Liberty Partners Financial Services, LLC and Liberty Partners Capital Management, John Davenport was associated with Securities America, Securities America Advisors and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
John Davenport is that his share of regulatory problems as well. In 2019, he was investigated by FINRA and consented to a two-month suspension and fine of $20,000 for allegedly sharing commissions with a registered representative of another brokerage firm without the knowledge and consent of by the firm in violation of FINRA’s Code of Conduct.
John Davenport Customer Complaints
John Davenport has been the subject of 3 customer complaints that we know about. One of John Davenport’s 3 customer complaints was settled in favor of investors. One of John Davenport’s customers’ complaints was denied and, to date, the customer has not taken any further action. There is currently one pending customer complaint filed against Liberty Partners Financial Services, LLC for investment losses caused by John Davenport’s alleged misconduct.
Allegations Against John Davenport
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Client alleged John Davenport gave poor advice when he suggested client move his TRS account to a variable annuity.
- Client alleged they were not informed by John Davenport that contributions to a charitable remainder trust could not be subsequently withdrawn as a single sum payment.
- John Davenport’s alleged violations of FINRA 2110, failure to observe high standards of commercial honor and just and equitable principles of trade, FINRA 2111 recommending and selling securities without adequate due diligence and without a reasonable basis; negligence, misrepresentation and omission of material fact, and breach of fiduciary duty.
John Davenport Red Flags & Your Rights As An Investor
Of course, John Davenport did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of John Davenport at Liberty Partners Financial Services, LLC, Liberty Partners Capital Management, Securities America, and Securities America Advisors on alert to review carefully the activity and performance of their accounts and question whether John Davenport has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Liberty Partners Financial Services, LLC, Liberty Partners Capital Management, Securities America, and Securities America Advisors also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At Liberty Partners Financial Services, LLC Due To John Davenport
If you have questions about Liberty Partners Financial Services, LLC, Liberty Partners Capital Management, Securities America, Securities America Advisors, and/or John Davenport and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
Rate this Post
Loading...