Jeffrey Scott Davis Barred From Securities Industry in Connection with Converting Customers’ Funds
Jeffrey Scott Davis is barred from the securities industry. Davis accepted the sanctions without denying or admitting the factual findings made by the Financial Industry Regulatory Authority (FINRA).
Davis converted $116,976.69 from brokerage accounts of his firm’s customers for his personal use and benefit, according to FINRA. Davis effected 71 unauthorized electronic payments totaling $116,976.69 from the brokerage accounts of five different customers between May 2012 and June 2013, according to the letter.
The Peiffer Wolf 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 Wolf, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 585-310-5140.