Written by The White Law Group• August 5, 2019• 4:05 pm• Blog, Current Investigations

David J. Volpe (David John Volpe) Broker Investigation

David J. Volpe – National Planning Corp., LPL Financial – Scottsdale, AZ

Are you concerned about your investments with David J. Volpe in Scottsdale, Arizona? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to the Financial Industry Regulatory Authority (FINRA), the regulator has reportedly barred Volpe from associating with any FINRA member at any time after he allegedly failed to provide information in its investigation.

FINRA was reportedly investigating Volpe in connection to allegations that he was engaged in private securities transactions and allegedly took a loan from a customer.

According to disclosures on his FINRA BrokerCheck record, Volpe was reportedly a registered representative with National Planning Corp. from January 2009 until November 2017. He then reportedly made the move to LPL Financial where he was allegedly dismissed in December 2018 for “Violation of the Firm’s private securities transactions policy for involvement in capital-raising efforts without prior disclosure.”

In 2019, Volpe allegedly worked for First Financial Equity Corp. in Scottsdale, AZ until he was again reportedly dismissed for “Failure to notify firm of private securities transaction involvement and violation of firm policy regarding borrowing funds from a client,” according to his broker report.

For FINRA’s full findings see, FINRA case # 2019062404601.

Securities Fraud Lawsuits

The White Law Group is investigating potential lawsuits regarding the liability that his former employers may have for failure to properly supervise Volpe.

When brokers violate securities laws, such as participating in private securities transactions or taking loans from customers, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.

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 White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states, including Arizona. Our attorneys have recovered millions of dollars from many brokerage firms in the past.