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David Arlein Formerly With Cabot Lodge Securities LLC Has 22 Customer Complaints For Alleged Broker Misconduct

Who is David Arlein formerly with Cabot Lodge Securities LLC?

David Arlein

David Arlein (CRD #7145) who was formerly registered with Cabot Lodge Securities LLC and located in Boca Raton, Florida, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Cabot Lodge Securities LLC, David Arlein was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. David Arlein has had his own share of regulatory problems. Over his career, he has been the subject of 3 regulatory actions; 2 and Florida in one in New Jersey. He has been suspended, fined, and restricted and the type of securities business he could conduct in the future.

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David Arlein Customer Complaints

David Arlein has been the subject of 22 customer complaints that we know about to recover investment losses. Four of the customer complaints proceeded to arbitration and resulted in arbitration awards entered in favor of the investors against Sigma Financial for the advisor’s misconduct. Fifteen more customer complaints were settled by David Arlein’s current and former employers in favor of investors. Twelve years ago, one of his former employers denied a customer complaint in the investor took no further action. There are still 2 customer complaints pending against Cabot Lodge Securities for the advisor’s alleged misconduct.

Allegations Against David Arlein

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Breach of fiduciary duty, negligence, violation of Regulation Best Interest regarding the purchase of GWG L Bonds.
  • Violations of Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and the Florida Securities and Investor Protection Act.
  • Unsuitable recommendation of debentures
  • Unsuitable investment in high yield fund.
  • Unsuitable recommendations to invest in callable certificates of deposit.
  • Unsuitable trading strategy, misrepresentation, failure to disclose, and breach of fiduciary duty.

David Arlein Red Flags & Your Rights As An Investor

Of course, David Arlein 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 Arlein at Cabot Lodge Securities LLC on alert to review carefully the activity and performance of their accounts and question whether David Arlein has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cabot Lodge Securities LLC 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?

best investment fraud lawyers

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 Cabot Lodge Securities LLC Due To David Arlein

If you have questions about Cabot Lodge Securities LLC and/or David Arlein 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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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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