FINRA Reportedly Investigates Former D. A. Davidson Advisor Kathleen Bott for Alleged Theft of Funds
According to a Letter of Acceptance Waiver and Consent, The Financial Industry Regulatory Authority (FINRA) has reportedly barred fromer advisor Kathleen “Kathy” Bott (CRD#: 2185075) from associating with any member at any time after she reportedly failed to provide documents and information requested by FINRA in connection with its investigation concerning her alleged theft of funds.
FINRA’s findings stated that Bott provided a partial response to the request but failed to provide the requested bank account statements.
According to her FINRA BrokerCheck report, Bott was reportedly registered with D.A. Davidson & Co. in Spokane, Washington from 1999 until February 2020.
Filing a Complaint against your Brokerage Firm
Brokerage firms are required to adequately supervise their advisors. They must ensure they are complying with FINRA rules.
When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
The brokerage firms can be held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.
If you are concerned about investments with Kathleen “Kathy” Bott and D.A. Davidson & Co., the securities attorneys at The White Law Group may be able to help you. For a free consultation with an attorney, please call (888) 637-5510.
The foregoing information, which is all publicly available, is being provided by The White Law Group.
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. For more information, please visit our website, www.whitesecuritieslaw.com.