Advisor Alert: Our Attorneys Are Investigating John Francis Davenport For Investment Fraud
Did You Lose Money Because of John Davenport?
Filed: February 2, 2024
John Davenport currently has one (1) pending customer complaint, one (1) pending financial event, and two (2) pending judgment/lien event. Overall, he has been the subject of two (2) regulatory events, one (1) termination event, four (4) customer complaints, one (1) financial event, and two (2) judgment/lien events. 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 John Francis Davenport.
Who Is John Francis Davenport?
- Advisor Name: John Francis Davenport
- Aliases: John F Davenport
- CRD: 1448999
- Location: Norwalk, Connecticut
- Current Employer: Currently Not Registered
- Previous Firms: Liberty Partners Financial Services, LLC, Securities America, Inc., and FSC Securities Corporation
- Number of Known Customer Complaints: 4
- Number of Known Regulatory Events: 2
- Number of Known Termination Events: 1
- Number of Known Financial Events: 1
- Number of Known Judgment/Lien Events: 2
- Can John Davenport Be Sued: Yes, in Private Arbitration
- Can John Davenport’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $150,000
- Highest Settlement: $325,000
If you have suffered investment losses by John Davenport, 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 John Davenport For Broker Misconduct
As of this publication date, John Davenport has been the subject of 2 regulatory events, 1 termination event, 1 financial event, 4 customer disputes, and 2 judgment/lien events. Let’s review them below.
In October 2023, a FINRA arbitration was filed against or in reference to John Davenport by multiple customers of Securities America, Inc. alleging that Mr. Davenport sold the clients an alternative investment that was unsuitable. Per the customers, they lost over $150,000 because of Mr. Davenport’s actions. As of this publication date, this claim remains pending.
In December 2021, State of Connecticut Insurance Department initiated a regulatory action against or in reference to John Davenport for allegedly impersonating two clients on thirteen phone calls to an insurer between April 2 and May 14, 2021, without such clients’ knowledge or consent.
In July 2019, a FINRA arbitration was filed against or in reference to John Davenport by a customer of Liberty Partners Financial Services, LLC alleging violations of FINRA 2110, failure to observe high standards of commercial honor and just and equitable principles of trade, FINRA 2111 recommending and selling securities without adequate due diligence and without a reasonable basis; negligence, misrepresentation and omission of material fact, and breach of fiduciary duty. On September 15, 2021, Mr. Davenport settled the claim for $325,000, and some or all of this amount may have been paid by Mr. Davenport’s employer and/or insurance carrier.
In January 2019, FINRA initiated a regulatory action against or in reference to John Davenport for allegedly placing two securities transactions for a registered representative of another firm and split the commissions generated from the transactions with that representative, without the knowledge or consent of either firm, and without reflecting the commission sharing on his member firm’s books and records.
In February 2017, Mr. Davenport filed for bankruptcy in The United States Bankruptcy Court.
In July 2016, Davenport was the subject of a civil judgment or lien in the amount of $216,041. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In June 2016, Davenport was the subject of a civil judgment or lien in the amount of $949,310. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In February 2012, a complaint was filed against or in reference to John Davenport by a customer of Prime Capital Services, Inc. alleging that Mr. Davenport gave poor advice when he suggested the client to move his TRS account to a variable annuity in 2007.
In January 2007, Royal Alliance Associates, Inc. terminated John Davenport as the firm felt that an issue could complicate matters and although the parties left on great terms, they thought it best for them to change broker dealers.
In December 2003, a complaint was filed against or in reference to John Davenport by a customer of Prime Capital Services, Inc. alleging that the client was not informed that contributions to a charitable remainder trust could not be subsequently withdrawn as a single sum payment. Per the customer, he/she lost over $15,000 because of Mr. Davenport’s actions. On August 8, 2008, Mr. Davenport settled the claim for $50,000, and some or all of this amount may have been paid by Mr. Davenport’s employer and/or insurance carrier.
How To File A Claim Against John Davenport (previously with Liberty Partners Financial Services, LLC, Securities America, Inc., and FSC Securities Corporation) To Get Your Money Back
If you have questions about John Davenport, Liberty Partners Financial Services, LLC, Securities America, Inc., FSC Securities 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.