Silver Law Group is investigating Cetera Advisors, LLC and its registered representative David Rockwell. According to Rockwell’s CRD Report, published by the Financial Industry Regulatory Authority (FINRA), Rockwell was permanently barred from the securities industry and has been the subject of several customer disputes arising out of his misconduct over the past several years, involving allegations of fraud and misappropriation of customer’s funds.
Rockwell (CRD# 4236377) has also been the subject of several criminal proceedings, involving charges of stalking, driving while intoxicated, obstruction, and even assault.
Silver Law Group believes Rockwell’s employing broker-dealer firm, Cetera Advisors, LLC may be liable for this misconduct. Claims against Cetera could include failure to supervise, negligence, and breach of fiduciary duty.
David Aaron Rockwell – Background
Rockwell was employed by Cetera Advisors, LLC from June 2015 through November 2018. Previous employment included Suntrust Investment Services, Inc. from December 2012 to June 2015 and Fifth Third Securities, Inc. from May 2009 to December 2012. Rockwell was terminated from Cetera Advisors, LLC in November 2018 after advising the firm he had been charged with a felony.
Rockwell later joined World Choice Securities, Inc. in May, 2019, and was terminated from this firm as well, a month later, in June 2019. World Choice Securities, Inc. terminated Rockwell after discovering more misconduct that occurred while he was employed at Cetera.
Rockwell is barred from association with any FINRA member in any capacity as a result of his failure to request termination of his suspension within three months of the date he received notice of his own suspension. According to FINRA rules and procedures, this results in automatic bar from the industry.
According to a federal court lawsuit, David Rockwell and Lee Broyles, using an entity called Gralyn Financial Services, defrauded elderly investors while they were working in Fort Meyers, Florida, a popular community with many seniors and retired investors.
Customer Complaints Against Rockwell
Rockwell has been the subject of two customer complaints on his FINRA BrokerCheck report, all of which have been initiated in the past three years and relate to misconduct that has occurred over the past several years:
- In June 2019, a customer alleged that that Mr. Rockwell misappropriated money from his investment accounts to invest in a private security related to a company owned by Mr. Rockwell. Cetera Advisor Network, LLC settled this matter in October, 2015 for $215,000.00
- In July 2017, a customer alleged Mr. Rockwell was involved in forgery and fraud regarding their accounts, causing damages amounting to $700,000.00. This civil litigation is still ongoing. A link to the complaint can be found here.
Contact Silver Law Group If You Invested With David David Rockwell
If you invested with David Rockwell and believe you lost money due to his misconduct, you may be able to file a claim to recover your losses through FINRA arbitration. Silver Law Group, a law firm specializing in securities arbitration, is already investigating Rockwell’s misconduct and has experience litigating cases against Cetera Advisors Network, LLC. For a no-cost evaluation of your potential case by an experienced securities attorney, please contact Silver Law Group.
If you or someone you know lost money investing with David Rockwell at Cetera Advisors Network, LLC, please contact the Silver Law Group toll free at (800)-975-4799 or email firstname.lastname@example.org for a confidential consultation.