DID DAVID RICHARD GEAKE CAUSE YOU INVESTMENT LOSSES?
David Geake Of American Trust Investment Services, Inc. And Formerly With Ausdal Financial Partners, Inc. Has 13 Customer Complaints For Alleged Broker Misconduct
Who is David Geake of American Trust Investment Services, Inc.?
David Geake (CRD #3088891) who is currently registered with American Trust Investment Services, Inc. and located in Chicago, Illinois is a subject of one of our many securities industry sales practice abuse investigations. Prior to American Trust Investment Services, Inc., David Geake was associated with Ausdal Financial Partners, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
David Geake Customer Complaints
David Geake has been the subject of 13 customer complaints that we know about, 7 of those complaints were filed in the last year to recover investment losses. Seven of David Geake’s 13 customer complaints were settled in favor of investors. Four of David Geake’s customer complaints were denied, and, to date, the customers have not taken any further action. There are currently 2 pending customer complaints filed against David Geake’s former employer Madison Avenue Securities, LLC for investment losses caused by the alleged misconduct.
Allegations Against David Geake
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Unsuitable recommendations of multiple alternative investments by 13 different claimants involving real estate investment trusts
- Unsuitable investments in Unit Investment Trusts and private placement
- Misconduct related to a private loan and collateralized assets
- Failure to conduct due diligence, unsuitable investment recommendations, overconcentration of investments, misrepresentations and omissions related to the sale of alternative investments
- Misrepresentations, breach of fiduciary duty, securities fraud, unsuitable investment recommendations related to annuities, REITs, and business development companies
- Misrepresentation and suitability issues related to the purchase of REITs
David Geake Red Flags & Your Rights As An Investor
Of course, David Geake 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 Geake at American Trust Investment Services, Inc. and Ausdal Financial Partners, Inc. on alert to review carefully the activity and performance of their accounts and question whether David Geake has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at American Trust Investment Services, Inc. and Ausdal Financial Partners, Inc. 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 American Trust Investment Services, Inc. Due To David Geake
If you have questions about American Trust Investment Services, Inc., Ausdal Financial Partners, Inc., and/or David Geake 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.