Rick Davidson is a New York-based securities broker. He has worked in the securities industry for thirty-four years. During his career, he has been registered with six different securities firms.
His registrations include; Donaldson, Lufkin & Jenrette Securities Corporation (1985-2003), Credit Suisse Securities (2000-2009), Morgan Stanley & Co. (2008-2009), Morgan Stanley (2009-2016), Jefferies (2016-2017), and National Securities Corporation (2017-Present).
Rick Davidson’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.
In January 2012, a customer alleged that Davidson executed an unauthorized transaction and made unsuitable investment recommendations. This case was settled for $8,185 in damages.
In March 2012, another customer alleged that Rick Davidson engaged in unauthorized transactions. This case was settled for $101,787 in damages.
In May 2016, Rick Davidson resigned from his position at Morgan Stanley following allegations that he exercised discretion in customer accounts without the proper authorization to do so.
In July 2016, a customer alleged unsuitability with respect to investments. The alleged transgressions taking place between January 2013 and March 2016. This case was settled for $175,000 in damages.
In May 2017, a customer alleged unauthorized trading. This case was settled for $21,000 in 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 Rick Davidson, please contact Oakes & Fosher for a free and private consultation.