Advisor Alert: Our Attorneys Are Investigating David Ralph Wall For Investment Fraud
Did You Lose Money Because of David Wall (previously with Voya Financial Advisors)?
Filed: October 20, 2023
David R. Wall has been the subject of two (2) termination events and three (3) 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 R. Wall.
Who Is David R. Wall?
- Advisor Name: David Ralph Wall
- Aliases: David R. Wall
- CRD: 1651874
- Location: Greer and Simpsonville, South Carolina
- Current Employer: Currently Not Registered
- Previous Firms: Voya Financial Advisors, Inc., Capital Investment Group, Inc., and Raymond James & Associates, Inc.
- Number of Known Customer Complaints: 3
- Number of Known Termination Events: 2
- Can David R. Wall Be Sued: Yes, in Private Arbitration
- Can David R. Wall’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $5,000,000
- Highest Settlement: $5,050,000
If you have suffered investment losses by David R. Wall, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment 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 R. Wall For Broker Misconduct
As of this publication date, David R. Wall has been the subject of 2 termination events and 3 customer disputes. Let’s review them below.
In March 2021, Voya Financial Advisors, Inc. terminated Mr. Wall for allegedly failing to perform an adequate review of account profiles for certain customers who purchased alternative investments.
In December 2020, a FINRA arbitration was filed against or in reference to David R. Wall by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Wall recommended unsuitable illiquid investments in 2014. There were no alleged damages reported. On November 22, 2021, Mr. Wall settled the claim for $72,500, and some or all of this amount may have been paid by Mr. Wall’s employer and/or insurance carrier.
In July 2020, a FINRA arbitration was filed against or in reference to David R. Wall by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Wall solicited the sale of unsuitable securities. Per the customers, they lost over $5,000,000 due to Mr. Wall’s actions. On September 29, 2021, Mr. Wall settled the claim for $5,050,000, and some or all of this amount may have been paid by Mr. Wall’s employer and/or insurance carrier.
In July 2020, a FINRA arbitration was filed against or in reference to David R. Wall by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Wall solicited the sale of unsuitable securities. Per the customers, they lost over $5,000,000 due to Mr. Wall’s actions. On August 4, 2021, Mr. Wall settled the claim for $3,500,000, and some or all of this amount may have been paid by Mr. Wall’s employer and/or insurance carrier.
In September, 1992, Mony Securities Inc. terminated Mr. Wall for allegedly forging a new account form with no loss of claims incurred.
How To File A Claim Against David R. Wall (previously with Voya Financial Advisors, Inc., Capital Investment Group, Inc., and Raymond James & Associates, Inc.) To Get Your Money Back.
If you have questions about David R. Wall, Voya Financial Advisors, Inc., Capital Investment Group, Inc., and Raymond James & Associates, 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.