David A. Seigerman Barred from Securities Industry
According to the Financial Industry Regulatory Authority (FINRA), the regulator has barred New Jersey financial advisor David A. Seigerman (CRD # 2200011) from the securities industry for reportedly failing to respond to FINRA’s request for information in an investigation.
According to his FINRA Broker Check Report, Seigerman was registered with Janney Montgomery Scott in Bedminster, NJ from July 2013 until March 2016. Prior to that, he reportedly worked at 9 other firms since beginning his career in the securities industry in 1995. He has 7 customer disputes listed on his broker report. Allegations include unsuitable investments and unauthorized trading, among others.
Failure to Supervise
The White Law Group is investigating the liability that Seigerman’s former employers may have for his alleged actions.
Brokerage firms are required to properly supervise their advisors. They must ensure that those advisors are complying with applicable FINRA rules and regulations. If it can be demonstrated that the firm failed to properly supervise Seigerman, the firm may be held responsible for investment losses in a FINRA arbitration claim.
If you have invested with David A. Seigerman and are concerned about your investments, the securities attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call our offices at 888-637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.