DID DAVID JONATHAN BOLTON CAUSE YOU INVESTMENT LOSSES?
David Bolton Formerly With Thurston Springer Miller Herd & Titak Has 3 Customer Complaints For Alleged Broker Misconduct
Who is David Bolton formerly with Thurston Springer Miller Herd & Titak?
David Bolton (CRD #5038018) who was formerly registered with Thurston Springer Miller Herd & Titak and located in Bowling Green, Kentucky is a subject of one of our many securities industry sales practice abuse investigations.
David Bolton has also been the subject of 2 regulatory investigations. The first investigation was initiated by FINRA into whether he engaged an unsuitable short-term trading of class a mutual fund shares in the accounts of his 2 largest customers, one of whom was the 101 years old mother of the other customer, and unsuitably split 1 of the customer’s mutual fund investments into 42 different funds are crossed 11 different fund families. FINRA actually filed a enforcement action, and the decision was entered by default in September 2018. The sanction was a permanent bar from association with any member firm in any capacity in the future. Shortly thereafter, the State of Kentucky entered a cease-and-desist order and fine of $220,000 for allegedly selling unregistered promissory notes and omitting or misrepresenting material facts in the State.
David Bolton Customer Complaints
David Bolton has been the subject of 3 customer complaints that we know about. One of David Bolton’s 3 customer complaints was settled in favor of investors. One of David Bolton’s customers’ complaints was denied and, to date, the customer has not taken any further action. There is currently one pending customer complaint filed against Thurston Springer Financial for allegedly negligently buying and selling variable annuities and a shares and the investment losses caused by David Bolton’s alleged misconduct.
Allegations Against David Bolton
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Client, by counsel, made allegations of negligent buying and selling of variable annuities and A-shares by David Bolton.
- Complainant alleged David Bolton’s unsuitable recommendations and poor advice concerning his accounts as well as accounts belonging to his mother.
- Customer alleged that David Bolton’s mutual fund A shares and various equities were not suitable in that they were purchased in the account of an elderly woman; complained about sales loads and commissions involved.
David Bolton Red Flags & Your Rights As An Investor
Of course, David Bolton 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 Bolton at Thurston Springer Miller Herd & Titak on alert to review carefully the activity and performance of their accounts and question whether David Bolton has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Thurston Springer Miller Herd & Titak also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At Thurston Springer Miller Herd & Titak Due To David Bolton
If you have questions about Thurston Springer Miller Herd & Titak and/or David Bolton 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.