According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Jeffrey Paul Davis allegedly recommended and effected unsuitable transactions in the accounts of three customers by over-concentrating their assets in illiquid, non-traded real estate investment trusts (REITs). This occurred between February 2007 and May 2012. Allegedly, while Davis was registered at Harvest Capital, he invested approximately $566,000, which represented about 30 to 52 percent of the client’s net worth in illiquid investments, which was excessive. For this, he was fined $5,000 and suspended for one month. This is against securities rules.
According to his online, FINRA BrokerCheck report, Davis was registered with Metropolitan Life Insurance in New York, New York from June 1994 until October 1995, MetLife Securities in Springfield, Massachusetts from June 1994 until October 1995, Invest Financial Corp in Tampa, Florida from November 1995 until June 2000, National Planning Corp in El Segundo, California from June 2000 until January 2001 and Harvest Capital LLC in Wethersfield, Connecticut from July 2001 until November 2013. He is currently registered with Kovack Securities in Bristol, Connecticut and has been since November 2013.
If you suffered losses with Jeffrey Paul Davis, and would like to find out how to sue his former firm, Harvest Capital in the FINRA arbitration forum for those losses, please call our securities law firm at 312-332-4200 today to speak to an attorney. The call is free with no obligation. We take cases on a contingency fee basis only, so we only make money if you recover.
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