Did you lose money investing with David Jenson (CRD# 1333734)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with David Jenson. If you suffered losses investing with David Jenson, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of March 21, 2023, David Jenson’s FINRA BrokerCheck Report contains the following:
BARRED: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
Disclosure Events
1 Regulatory Event
1 Financial Disclosure
January 22, 2021 – An AWC was issued in which Jenson was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Jenson consented to the sanction and to the entry of findings that he refused to produce information or documents requested by FINRA in connection with its investigation into whether he recommended customers invest in an unsuitable concentration of church bonds. (FINRA Case #2019060783601)
Current and Previous Registrations
09/20/2006 – 12/31/2020 GREAT NATION INVESTMENT CORPORATION (CRD#:19981) AMARILLO, TX
08/29/2005 – 09/29/2006 CND FINANCIAL LTD. (CRD#:132864) SCHERTZ, TX
05/17/2004 – 08/29/2005 CALIFORNIA PLAN OF CHURCH FINANCE INC. (CRD#:35504) FRESNO, CA
04/30/1998 – 05/11/2004 GREAT NATION INVESTMENT CORPORATION (CRD#:19981) AMARILLO, TX
03/25/1997 – 03/25/1998 CRISPIN KOEHLER SECURITIES (CRD#:10596) TAMPA, FL
09/16/1992 – 03/25/1997 A. B. CULBERTSON AND COMPANY (CRD#:6870) FORT WORTH, TX
04/05/1991 – 06/29/1992 DELTA FIRST FINANCIAL, INC. (CRD#:16776) ALTAMONTE SPRINGS, FL
09/15/1987 – 05/02/1990 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (CRD#:7691) NEW YORK, NY
12/05/1985 – 07/06/1987 JEFFERSON-PILOT INVESTOR SERVICES, INC. (CRD#:5178)
09/24/1985 – 12/26/1985 WADDELL & REED, INC. (CRD#:866)
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with David Jenson and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
