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Stuart Pearl Formerly With David A. Noyes & Company Has 8 Customer Complaints For Alleged Broker Misconduct

Who is Stuart Pearl formerly with David A. Noyes & Company?

Stuart Pearl

Stuart Pearl (CRD #1500833) who was formerly registered with David A. Noyes & Company and located in Indianapolis, Indiana, is a subject of one of our many securities industry sales practice abuse investigations. Prior to David A. Noyes & Company, Stuart Pearl was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Stuart Pearl has had his own share of regulatory problems. First, in 2017 he was suspended for 45 days in fines $7,500 for allegedly using discretion in a customer’s account without written discretionary approval in violation of FINRA conduct rules. In 2021 he was suspended again, this time for 3 months and fined $5,000 for recommending the purchase of leveraged and inverse traded funds to 4 customers without having a sufficient understanding of the risk and features associated with these products and having a reasonable basis to make those recommendations.

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Stuart Pearl Customer Complaints

Stuart Pearl has been the subject of 8 customer complaints that we know about seeking to recover investment losses. Seven of the customer complaints were settled by Stuart Pearl’s former employers in favor of the investors. The other customer complaint was denied by the advisor’s former employers recently and, so far the investors have not taken any further action.

Allegations Against Stuart Pearl

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

  • Unauthorized and excessive trading in customer’s account.
  • Breach of fiduciary duty, negligence, in violation of industry rules and regulations.
  • Unauthorized trading and use of margin borrowing.
  • Broker exercised de facto discretionary control over account in violation of FINRA rules.
  • Adviser put a large hedge position to customer’s account without customer’s knowledge.
  • Representative created a margin trading account without discussing it with customer.
  • Unauthorized and unsuitable investments and churning.
  • Unsuitable trading of listed equities and unauthorized use of margin.
  • Churning.

Stuart Pearl Red Flags & Your Rights As An Investor

Of course, Stuart Pearl 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 Stuart Pearl at David A. Noyes & Company on alert to review carefully the activity and performance of their accounts and question whether Stuart Pearl has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at David A. Noyes & Company also raises questions about the brokerage firm’s 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?

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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 David A. Noyes & Company Due To Stuart Pearl

If you have questions about David A. Noyes & Company and/or Stuart Pearl 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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