INVESTIGATION of Advisor DAVID VOLPE of Scottsdale, AZ
David Volpe, previously with National Planning Corp., Barred by FINRA
Have you lost money with financial advisor David Volpe? The law firm of Israels & Neuman is investigating allegations made about David J. Volpe from Scottsdale, Arizona. FINRA (the Financial Industry Regulatory Authority) barred Volpe from the securities industry after Volpe failed to respond to its investigation. FINRA was investigating Volpe after he was alleged to have borrowed money from customers and engaged in selling securities without telling his former brokerage firms, National Planning Corp., LPL Financial, and First Financial Equity Corp.
David Volpe was a financial advisor and registered representative of National Planning Corp. from January 2009 to November 2017. He was also affiliated with LPL Financial from November 2017 to December 2018, and with First Financial Equity Corp. from January 2019 to May 2019. He worked in a branch office in Scottsdale, Arizona.
Brokerage firms like National Planning Corp., LPL, and First Financial Equity have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states, including Arizona. Attorney Aaron Israels is licensed in Arizona. Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past, including against National Planning Corp. involving a selling away scheme. We have also brought claims against LPL Financial and First Financial Equity Corp.
Click to view: Volpe, David FINRA AWC
Click to view: Volpe, David BrokerCheck 8.2.19
If you lost money with David Volpe or National Planning Corp., please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.