David J. Blasik – Broker Unauthorized Sales

investor rights lawyersDavid J. Blasik, of PFS Investments, Allegedly Engaged in an Unapproved and Undisclosed Outside Business Activity

David J. Blasik, of Vandalia, Ohio, allegedly sold private securities offerings (or private placements) without approval from his brokerage firm, PFS Investments Inc., according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).

Blasik, who was a financial advisor and registered representative of PFS Investments from April 2006 to December 2014, was terminated from PFS after the firm “obtained information indicating that the agent may have been involved in an unapproved and undisclosed outside business activity and/or private securities transaction(s).”

David J. Blasik Barred by FINRA

In a December 30, 2014 e-mail Blasik acknowledged receipt of FINRA’s request to comply with their investigation, and yet informed staff that he would not cooperate with FINRA’s investigation, according to the AWC.

The AWC further alleges that Blasik allegedly failed to provide the requested documents and information by December 29, 2014, even though FINRA Rules require persons associated with a FINRA member to “provide information orally, in writing, or electronically . . . with respect to any matter involved in the investigation. . . .”

In addition, the AWC notes, FINRA Rules state that “[a] member, in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.” By failing to respond to FINRA’s request for documents and information, Blasik violated FINRA RuIes, and has been barred from associating with any FINRA member firm in any capacity, the AWC reports.

The Peiffer Wolf Investment Recovery Attorneys Often Represent Investors

The Peiffer Wolf investment recovery attorneys often represent investors who lose money as a result of investment misconduct. 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 misconduct may contact the investment recovery attorneys at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 585-310-5140.

Broker: David J. Blasik

Status: INVESTIGATED by Peiffer Wolf.

For brokercheck report and additional info click here!

Peiffer Wolf (1315 Posts)

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.