Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Simmons (Simmons), previously associated with Lincoln Financial Securities Corporation, has at least one disclosable event. These events include one tax lien, alleging that Simmons recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on March 15, 2023.
Without admitting or denying the findings, Simmons consented to the sanction and to the entry of findings that he refused to produce documents and information and failed to appear for on-the-record testimony requested by FINRA in connection with its investigation into allegations referenced in the Uniform Termination Notice for Securities Industry Registration (Form U5) filed by his member firm. The findings stated that Simmons’ firm disclosed that he was discharged when he, through counsel, informed the firm that he would not provide a response to the firm’s inquiries in connection with an internal investigation.
