Advisor Alert: Our Attorneys Are Investigating David Palmer Stamper For Investment Fraud
Did You Lose Money Because of David Stamper?
Filed: March 11, 2024
David Stamper (also known as Dave Stamper) has been the subject of five (5) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on David Palmer Stamper.
Who Is David Palmer Stamper of Cetera Advisor Networks LLC and Cetera Investment Advisers LLC?
- Advisor Name: David Palmer Stamper
- Aliases: Dave Stamper
- CRD: 2301862
- Location: Cary, North Carolina
- Current Employer: Cetera Advisor Networks LLC and Cetera Investment Advisers LLC
- Previous Firms: Summit Financial Group Inc. and Summit Brokerage Services, Inc.
- Number of Known Customer Complaints: 5
- Can David Stamper Be Sued: Yes, in Private Arbitration
- Can David Stamper’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $350,000
- Highest Settlement: $35,000
If you have suffered investment losses by David Stamper, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against David Stamper For Broker Misconduct
As of this publication date, David Stamper has been the subject of 5 customer disputes. Let’s review them below.
In January 2023, a FINRA arbitration was filed against or in reference to David Stamper by multiple customers of Summit Brokerage Services, Inc. alleging that they were recommended unsuitable investments. On July 18, 2023, Mr. Stamper settled the claim for $27,500, and some or all of this amount may have been paid by Mr. Stamper’s employer and/or insurance carrier.
In February 2005, a complaint was filed against or in reference to David Stamper by a customer of Wachovia Securities alleging that she should not have been in unsecured or unguaranteed securities. Per the customer, she lost over $25,500 because of Mr. Stamper’s actions. On March 17, 2005, Mr. Stamper settled the claim for $24,999.99.
In April 2003, a complaint was filed against or in reference to David Stamper by a customer of Wachovia Securities alleging that Mr. Stamper described her investment as a bond, when in fact it was a preferred stock. Per the customer, she lost over $41,737.45 because of Mr. Stamper’s actions. On June 30, 2003, Mr. Stamper settled the claim for $33,672.42, and some or all of this amount may have been paid by Mr. Stamper’s employer and/or insurance carrier.
In October 2002, a NYSE arbitration was filed against or in reference to David Stamper by multiple customers of Wachovia Securities alleging that Mr. Stamper did not properly explain their variable annuities’ guaranteed income benefit. Per the customers, they lost over $111,641 because of Mr. Stamper’s actions.
In October 2002, a complaint was filed against or in reference to David Stamper by multiple customers of Wachovia Sec alleging that the product sold to them was subject to more risk than they were comfortable with. Per the customers, they lost over $350,000 because of Mr. Stamper’s actions. An arbitration panel found that David Stamper was negligent and awarded $35,000 in favor of the customers.
How To File A Claim Against David Stamper of Cetera Advisor Networks LLC and Cetera Investment Advisers LLC (previously with Summit Financial Group Inc. and Summit Brokerage Services, Inc.) To Get Your Money Back
If you have questions about David Stamper, Cetera Advisor Networks LLC, Cetera Investment Advisers LLC, Summit Financial Group Inc., Summit Brokerage Services, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.