| Read Time: 2 minutes |


David Korostoff Of The GMS Group Has 2 Customer Complaints For Alleged Broker Misconduct

Who is David Korostoff of The GMS Group?

David Korostoff (CRD #1205712) who is currently registered with The GMS Group and located in Jersey City, New Jersey is a subject of one of our many securities industry sales practice abuse investigations.

David Korostoff Customer Complaints

David Korostoff has been the subject of 2 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. One of David Korostoff’s customers’ complaints was denied and the customers did not take any further action. There is currently one pending customer complaint filed against The GMS Group for investment losses caused by David Korostoff’s alleged misconduct.

Allegations Against David Korostoff

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

  • Client alleges David Korostoff made unsuitable recommendations and purchases in customer’s account.
  • Client alleges unsuitable, risky and inappropriate investments by David Korostoff.

David Korostoff Red Flags & Your Rights As An Investor

Of course, David Korostoff 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 Korostoff at The GMS Group on alert to review carefully the activity and performance of their accounts and question whether David Korostoff has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at The GMS Group 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 The GMS Group Due To David Korostoff

If you have questions about The GMS Group and/or David Korostoff 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.

Author Photo

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars