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David Geake Formerly With American Trust Investment Services, Inc. and Ausdal Financial Partners, Inc. Has 24 Customer Complaints For Alleged Broker Misconduct

Who is David Geake formerly with American Trust Investment Services, Inc.?

David Geake

David Geake (CRD #3088891) who was formerly 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.

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David Geake Customer Complaints

David Geake has been the subject of 24 customer complaints that we know about to recover investment losses. Eleven of David Geake’s 24 customer complaints were settled in favor of investors. Five of David Geake’s customer complaints were denied and, to date, the customers have not taken any further action. There are currently 8 pending customer complaints filed against David Geake’s former employer Madison Avenue Securities, LLC for investment losses caused by his 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.

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 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.

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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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