David Evansen Barred From Securities Industry After Allegedly Engaging in Unauthorized Trading
David Kristian Evansen, formerly associated with Newbridge Securities Corp. and Jessup & Lamont Securities Corp., is still barred from the securities industry by the Financial Industry Regulatory Authority (“FINRA”) due to Evansen’s failure to comply with FINRA’s investigation concerning Evansen’s alleged misconduct.
FINRA began to investigate Evansen after Newbridge made certain regulatory fillings and disclosures stemming from customer complaints and arbitration claims logged by four Newbridge customers. The customers alleged that Evansen, among other things, recommended unsuitable transactions, engaged in unauthorized trading, traded excessively or churned their accounts, and fraudulently misrepresented and omitted material facts.
Evansen was subsequently investigated by FINRA relating to the customers’ complaints and claims. Evansen failed to provide testimony requested during the FINRA investigation and was subsequently barred from the securities industry by FINRA. Evansen appealed the decision that led to his banishment from the securities industry, but FINRA ultimately upheld Evansen’s ban from the industry.
The Peiffer Rosca securities attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting victims with the recovery of their losses. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.
Broker: David Kristian Evansen
Status: INVESTIGATED by Peiffer Rosca.
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