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DID DAVID MCNALLY CAUSE YOU INVESTMENT LOSSES?

David McNally Of McNally Financial Services Has 3 Customer Complaints For Alleged Broker Misconduct

Who is David McNally of McNally Financial Services Corp.?

David McNally (CRD #839798) who is currently registered with McNally Financial Services Corp. and located in San Antonio, Texas is a subject of one of our many securities industry sales practice abuse investigations.

David McNally Customer Complaints

David McNally has been the subject of 3 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. Two of David McNally’s 3 customer complaints were settled in favor of investors. There is currently one pending customer complaint filed against McNally Financial Services Corp. for investment losses caused by David McNally’s alleged misconduct.

Allegations Against David McNally

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

  • Claimants alleged David McNally’s Breach of fiduciary duty, negligent supervision, violation of Corporation Code Section 25400 et seq, and Elder abuse under California Welfare and Institutional Code.
  • Claimants alleged David McNally’s failure to disclose risk, unauthorized trading, recommendation of unsuitable investments, breach of fiduciary duty, churning, breach of contract, and elder abuse.
  • David McNally’s alleged negligence, gross negligence, breach of contract, fraud, fraudulent misrepresentation, negligent misrepresentation, breach of fiduciary duty, aiding and abetting fraud, and aiding and abetting breach of fiduciary duty.

David McNally Red Flags & Your Rights As An Investor

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

If you have questions about McNally Financial Services Corp. and/or David McNally 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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