Advisor Alert: Our Attorneys Are Investigating David Arthur Wismer III For Investment Fraud
Did You Lose Money Because of David Wismer?
Filed: November 2, 2023
David Wismer currently has one (1) pending criminal event. Overall, he has been the subject of one (1) regulatory event, one (1) criminal event, 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 Arthur Wismer III.
Who Is David Arthur Wismer III?
- Advisor Name: David Arthur Wismer III
- Aliases: David Wismer III
- CRD: 2397960
- Location: Colorado Springs, Colorado
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: LPL Financial LLC, American Express Financial Advisors Inc. and IDS Life Insurance Company
- Number of Known Customer Complaints: 3
- Number of Known Regulatory Events: 1
- Number of Known Criminal Events: 1
- Can David Wismer III Be Sued: Yes, in Private Arbitration
- Can David Wismer III’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $40,712
- Highest Settlement: Unknown
If you have suffered investment losses by David Wismer III, 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 Wismer For Broker Misconduct
As of this publication date, David Wismer III has been the subject of 1 regulatory event, 1 criminal event, and 3 customer disputes. Let’s review them below.
In August 2017, FINRA initiated a regulatory action against or in reference to David Wismer III for failing to respond to FINRA request for information.
In April 2017, felony charges were pressed against David Wismer III in El Paso County Judicial Court. Mr. Wismer III received 1 felony charge for 1st Degree Assault, 1 felony charge for Stalking, and 1 felony charge for 1st Degree Burglary. As of this publication date, these charges are pending.
In March 2004, a complaint was filed against or in reference to David Wismer III by a customer of American Express Financial Advisors alleging that investments should have been left alone and not moved to what client deems risky aggressive stock funds. Per the customer, he lost over $40,712 because of Mr. Wismer III’s actions.
In November 2003, a complaint was filed against or in reference to David Wismer III by a customer of American Express Financial Advisors alleging that Mr. Wismer III invested the client in more aggressive funds than he was comfortable with. The client asked to review the situation. Per the customer, he lost over $5,000 because of Mr. Wismer III’s actions.
In June 2003, a complaint was filed against or in reference to David Wismer III by a customer of American Express Financial Advisors alleging that Mr. Wismer III did not disclose the surrender charges involved with the client’s annuity. Per the customer, he lost over $8,773 because of Mr. Wismer III’s actions.
How To File A Claim Against David Wismer (previously with LPL Financial LLC, American Express Financial Advisors Inc. and IDS Life Insurance Company) To Get Your Money Back.
If you have questions about David Wismer III, LPL Financial LLC, American Express Financial Advisors Inc., IDS Life Insurance Company, 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.