Advisor Alert: Our Attorneys Are Investigating David Ta-Wai Yu For Investment Fraud
Did You Lose Money Because of David Yu?
Filed: February 27, 2024
David Yu currently has one (1) pending customer complaint. Overall, he 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 Ta-Wai Yu.
Who Is David Ta-Wai Yu of Independent Financial Partners and IFP Securities, LLC?
- Advisor Name: David Ta-Wai Yu
- Aliases: David Yu
- CRD: 5484970
- Location: Fort Lauderdale, Florida
- Current Employer: Independent Financial Partners and IFP Securities, LLC
- Previous Firms: Kovack Advisors, Inc., Kovack Securities Inc., and International Assets Investment Management, LLC
- Number of Known Customer Complaints: 1
- Can David Yu Be Sued: Yes, in Private Arbitration
- Can David Yu’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $76,150
- Highest Settlement: Unknown
If you have suffered investment losses by David Yu, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stock market losses 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 Yu For Broker Misconduct
As of this publication date, David Yu has been the subject of 1 customer dispute. Let’s review it below.
In June 2023, a FINRA arbitration was filed against or in reference to David Yu by a customer of IFP Securities, LLC alleging that Mr. Yu improperly recommended a high risk, high commission illiquid alternative investment, namely, GWG Holdings, Inc. and that Mr. Yu misrepresented the investment to them and that it was inconsistent with their financial situation and needs, investment objectives and their risk tolerance. Per the customer, he/she lost over $76,150 because of Mr. Yu’s actions. As of this publication date, this claim remains pending.
How To File A Claim Against David Yu of Independent Financial Partners and IFP Securities, LLC (previously with Kovack Advisors, Inc., Kovack Securities Inc., and International Assets Investment Management, LLC) To Get Your Money Back
If you have questions about David Yu, Independent Financial Partners, IFP Securities, LLC, Kovack Advisors, Inc., Kovack Securities Inc., International Assets Investment Management, LLC, 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.