Andre Davis, Former First Standard Financial Broker, Has 14 Customer Disputes, 6 Still Pending

Has had a total of 14 customer disputes filed against him dating back to 2002, three of which were denied

Sonn Law is investigating former First Standard broker Andre Davis. We represent investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 866–827–3202, or complete our contact form for a free consultation.

Andre Pierre Davis (CRD# 1417097) is a currently registered broker. Mr. Davis recently became a registered representative with Paulson Investment Company, based in New York, New York. Previously, Mr. Davis was a representative of First Standard Financial Company, based in Red Bank, New Jersey, from 2015 to 2019.

According to Mr. Davis’ BrokerCheck report, he has had a total of 14 customer disputes filed against him dating back to 2002, three of which were denied. The rest, are either pending or settled. The most recent 6 disputes were filed from July 30, 2018, to June 20, 2019, and include the following allegations:

• June 20, 2019: Customer alleged churning, unauthorized trading, and poor performance. The claim requested $152,400 in damages and is currently pending.
• May 13, 2019: Customer alleged unauthorized and excessive trading and unsuitable investments. The claim requested $461,000 in damages and is currently pending.
• April 30, 2019: Customer alleged excessive and unauthorized trading. The claim requested $300,000 in damages and is currently pending. A broker comment indicates that Mr. Davis denies the allegations.
• April 15, 2019: Customer alleged excessive trading and unsuitable investments. The claim requested $238,135.68 and is currently pending. A broker comment indicates that Mr. Davis denies the allegations.
• February 15, 2019: Customer alleges unauthorized trading & suitability. The claim requested $668,000 in damages and is currently pending. A broker comment indicates that Mr. Davis inherited the account after the alleged activity occurred and that he made no commissions.
• July 30, 2018: Customer alleged churning and unsuitable trades. The claim requested $100,000 in damages and is currently pending. A broker comment indicates that both the firm and Mr. Davis denied the allegations and that the customer authorized all trades.

According to other disclosures in the BrokerCheck report, nearly $240,000 has been paid out in settlements on customer disputes filed against Mr. Davis. Under FINRA Rules, brokerage firms may be responsible for the misconduct of their brokers. Investors may be able to recover some or all of their investment through FINRA arbitration.

Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional or corporate executive misappropriated funds, Mr. Sonn will protect your rights and interests. Please do not hesitate to contact the Sonn Law Group today for a free review of your claim.