According to FINRA public records, former broker David Manor has two disclosed customer disputes. FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates brokers and brokerage firms.
Customers filed the disputes against Manor between January 2016 and April 2018. The first claim alleged misrepresentation of an investment and an unsuitable investment recommendation. This claim settled for $30,000. The second claim alleges unsuitable investment recommendations and is pending. The damage amount requested is $224,837.25
Brokers must recommend only suitable investment products and strategies to their customers. Suitability is based on factors such as a customer’s age, investment objective, risk tolerance, investment experience, and financial status and needs. Brokers sometimes recommend unsuitable investments to earn large commissions that are not disclosed to their customers.
Manor worked for Wells Fargo Clearing Services, LLC from August 2016 through February 2018. Public records state that Manor voluntarily resigned during an investigation into allegations that he recommended a client “invest away from” Wells Fargo.
Previously Manor was registered with Santander Securities LLC from February 2013 to July 2016. He was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated from June 2012 to January 2013. David Manor is not currently registered as a broker.
If you have questions about investments made with David Manor, contact Marquardt Law Office LLC for a free phone consultation.
Marquardt Law Office LLC is a securities law firm in Chicago, IL that represents investors nationwide who have suffered losses due to misconduct such as fraud and negligence.
Information regarding David Manor was obtained from FINRA BrokerCheck records accessed on August 6, 2018.
