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David Schwartz Of FMSBonds, Inc. Has 3 Customer Complaints For Alleged Broker Misconduct

Who is David Schwartz of FMSBonds, Inc.?

David Schwartz (CRD #2291457) who is currently registered with FMSBonds, Inc. and located in North Miami Beach, Florida is a subject of one of our many securities industry sales practice abuse investigations.  

David Schwartz Customer Complaints

David Schwartz has been the subject of 3 customer complaints that we know about, 1 of those complaints was filed in the last year to recover investment losses. One of David Schwartz’s 3 customer complaints resulted in an Award in favor of investors. One of David Schwartz’s customer complaints was settled in favor of investor. One of David Schwartz’s customer complaints was denied and, to date, the customer has not taken any further action.

Allegations Against David Schwartz

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

  • Unsuitable recommendation of bonds
  • Unsuitable recommendations of Puerto Rico Bonds
  • Unsuitable recommendations of high-risk corporate bonds and overconcentration of accounts in General Motors and other high-risk bonds

David Schwartz Red Flags & Your Rights As An Investor

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

If you have questions about FMSBonds, Inc. and/or David Schwartz 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

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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