Advisor Alert: Our Attorneys Are Investigating David Michael Smith Sr For Investment Fraud
Did You Lose Money Because of David Smith Sr?
Filed: March 12, 2024
David Smith Sr has been the subject of one (1) customer complaint. 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 Michael Smith Sr.
Who Is David Michael Smith Sr of Intervest International Equities Corporation and Intervest International, Inc.?
- Advisor Name: David Michael Smith Sr
- Aliases: David Michael Smith
- CRD: 850797
- Location: Colorado Springs, Colorado and Vero Beach, Florida
- Current Employer: Intervest International Equities Corporation and Intervest International, Inc.
- Previous Firms: Security Distributors, Inc. and Integrated Resources Equity Corporation
- Number of Known Customer Complaints: 1
- Can David Smith Sr Be Sued: Yes, in Private Arbitration
- Can David Smith Sr’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $701,211.32
- Highest Settlement: $102,500
If you have suffered investment losses by David Smith Sr, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a failure to supervise 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 Smith Sr For Broker Misconduct
As of this publication date, David Smith Sr has been the subject of 1 customer dispute. Let’s review it below.
In March 2023, a FINRA arbitration was filed against or in reference to David Smith Sr by a customer of Intervest International Equities Corporation alleging violations of federal & State securities laws, breach of fiduciary duties and negligence, breach of contract, common law fraud, failure to supervise, misrepresentation and omissions, unsuitable investments and failure to act in the best interest of the client. Per the customer, he/she lost over $701,211.32 because of Mr. Smith’s actions. On February 26, 2024, Mr. Smith settled the claim for $102,500, and some or all of this amount may have been paid by Mr. Smith’s employer and/or insurance carrier.
How To File A Claim Against David Smith Sr of Intervest International Equities Corporation and Intervest International, Inc. (previously with Security Distributors, Inc. and Integrated Resources Equity Corporation) To Get Your Money Back
If you have questions about David Smith Sr, Intervest International Equities Corporation, Intervest International, Inc., Security Distributors, Inc., Integrated Resources Equity Corporation, 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.