WARNING TO INVESTORS! David Guensch – Orefield, PA
David Guensch from Orefield, Pennsylvania
Have you lost money with financial advisor David F. Guensch of Orefield, Pennsylvania? We are investigating allegations made by FINRA (the Financial Industry Regulatory Authority), against David F. Guensch. FINRA suspended Guensch for two months from the securities industry and fined him $5,000 regarding allegations that he submitted an annuity withdrawal form by copying and pasting a customer’s signature on the form, without the customer’s permission. Guensch was alleged to have committed this conduct while affiliated with Voya Financial Advisors, formerly known as ING Financial Partners.
David Guensch was a financial advisor and registered representative of Voya Financial Advisors (formerly ING Financial Partners) from August 2006 to July 2015. He currently is affiliated with Lombard Securities from September 2016 to the present, and he was also with LPL Financial from June 2015 to September 2016. He worked at a branch office in Orefield, Pennsylvania. Guensch was terminated by LPL Financial after it found out about this conduct.
Brokerage firms like Voya Financial Advisors 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 and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Pennyslvania, such as victims of the Doug Simanski fraud. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Voya Financial Advisors.
Click to view: Guensch, David FINRA AWC
Click to view: Guensch, David BrokerCheck 3.16.17
If You Lost Money With David Guensch Or Voya Financial Advisors, 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.