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Broker Dana Davis Subject Of Customer Disputes, Excessive Trading

Dana H. Davis (CRD #1707708) is a currently registered broker currently employed by Newbridge Securities Corporation (CRD #104065) of New York, NY. His previous employers include First Montauk Securities Corp. (CRD #13755) of Hauppage, NY, Global Capital Securities Corporation (CRD #16184) of Englewood, CO, and Gilford Securities Incorporated (CRD #8076) of New York, NY. He has been in the industry since 1989.

Davis’ most recent customer dispute was filed on 01/08/2018. In it, the customer alleges that Davis engaged in “misrepresentation, unsuitable and excessive trading, negligent supervision and breach of fiduciary duty.” The customer requests damages of $250,000. This case is currently listed as “pending.”

A previous complaint, filed on 10/10/2007, alleged that Davis engaged in churning, unauthorized trading, fraud, breach of fiduciary duty, among other things. The client requested $150,000 in damages, and the case was settled for $75,000. A broker’s comment states Davis was discharged as part of the settlement.

In a disclosure on filed on 9/22/2006, Davis is listed as “discharged” by First Montauk Securities for “unauthorized trading and failing to follow procedure.” Davis contends that he voluntarily resigned from First Montauk and was unaware of any charges related to the case.

Did You Invest With Dana Davis?

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct.  Scott Silver is a former Wall Street defense attorney now representing investors nationwide in securities arbitration claims.  If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. We handle most of our cases on a contingent fee basis. You won’t pay legal fees unless we win your case.

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