DID DAVID WAYNE KARIN CAUSE YOU INVESTMENT LOSSES?
David Karin Western International Securities, Inc Has 4 Customer Complaints For Alleged Broker Misconduct
About David Karin of Western International Securities, Inc?
David Karin (CRD #2486154) has been employed and registered with Western International Securities, Inc., located in Westlake Village, CA, since March 30, 2012. He is registered in six U.S. states and territories and has passed two general industry/product exams (Series 7 and SIE) and one multi-state securities law exam (Series 63). Over his career, David has been associated with several firms including Chase Investment Services Corp. and WAMU Investments, Inc., reflecting a diverse experience within the financial industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
David Karin Customer Complaints and Reviews
David W. Karin has several disclosed incidents:
- Customer Dispute (Settled, 2024): Involved allegations of misrepresentation and unsuitable recommendations concerning corporate debt investments, settled for $420,000 in March 2024, with the complaint initially filed in November 2022.
- Customer Dispute (Settled, 2014): Allegations were made regarding misrepresentation of a variable annuity investment, which resulted in a $47,500 settlement.
- Customer Dispute (Denied, 2012): A complaint was filed alleging misrepresentation related to a variable annuity investment, which was denied in October 2012.
- Customer Dispute (Pending, 2024): Allegations of breach of fiduciary duty related to corporate debt, with claimed damages of $50,000, the complaint is currently pending.
Allegations Against David Karin
- Misrepresentation and Unsuitable Recommendations: Accusations involve providing unsuitable investment advice and misrepresenting the nature of investments, particularly concerning corporate debt and variable annuities.
- Breach of Fiduciary Duty: Currently facing a complaint alleging failure to uphold fiduciary responsibilities, potentially leading to financial losses for the client. This complaint remains unresolved and is undergoing arbitration.
David Karin Red Flags & Your Rights As An Investor
Of course, David Karin 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 David Karin at Western International Securities, Inc on alert to review carefully the activity and performance of their accounts and question whether David Karin has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Western International Securities, Inc also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Western International Securities, Inc Due To David Karin
If you have questions about Western International Securities, Inc and/or David Karin 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.
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