The law firm of Oakes & Fosher is presently investigating the possible misconduct of former securities broker David Rockwell. According to his publicly available FINRA BrokerCheck report, David Rockwell has been the subject of multiple customer disputes over the course of his career.

David Rockwell operated most recently as a Florida based securities broker. He worked in the securities industry for seventeen years. During his career, he was registered with four different securities firms.

His Registrations

  • Comerica Securities (2000-2009)
  • Fifth Third Securities (2009-2012)
  • Suntrust Investment Services (2012-2015)
  • Cetera Advisor Networks (2015-2018)

The Allegations

  • In June 2019, a customer alleged that David Rockwell misappropriated funds from his account to invest in a private security related to a company that David Rockwell owned. This case is currently pending. The customer is seeking $500,000 in damages.
  • In July 2019, customers accused David Rockwell of both fraud and forgery in connection with their brokerage account. This case is currently pending. The customer is seeking $700,000 in damages.

What Does This Mean?

The relationship between securities brokers and investors can only exist if there is trust. This trust only exists because securities brokers are bound by a duty to always act in their customers’ best financial interests. Securities brokers who convert their customers’ funds erode that trust as it makes investors believe that having their funds misappropriated is a real possibility. Securities firms that employed brokers who misappropriated their customers’ funds may be liable for losses that said customers incurred.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with David Rockwell, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.