10.0David P Neuman
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WARNING! Impending Investigation–ONE AMERICA SECURITIES and MATTHEW J. DAVIS

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14
Feb

WARNING! Impending Investigation–ONE AMERICA SECURITIES and MATTHEW J. DAVIS

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OneAmerica Securities, Inc. and Matthew J. Davis

 

We are currently investigating allegations made against OneAmerica Securities Inc., an Indianapolis, Indiana-based securities brokerage firm.  FINRA (the Financial Industry Regulatory Authority) brought a regulatory action against OneAmerica Securities for failing to supervise one of its financial advisors, Matthew J. Davis.  Matthew Davis was alleged to have made unsuitable recommendations to his clients to engage in options trading and also alleged to have made unauthorized transfers of funds to third parties (allegedly to convert and steal funds from a customer).  OneAmerica was also alleged by FINRA to have lacked adequate supervisory systems to supervise options trading and transmittals of funds to third parties.  To settle these claims, OneAmerica Securities paid a $75,000 fine.

 

Matthew J. Davis was a financial advisor and registered representative of OneAmerica Securities from April 2010 to July 2013.  Davis worked in a branch office in Corona, California.  He was barred by FINRA in June 2014 for the allegations.

 

Brokerage firms like OneAmerica Securities 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.

 

Our attorneys have represented over 1,000 investors across the country who have lost money because of the negligent or fraudulent conduct of their brokers. While we have offices in Denver and the Seattle-area, we have represented numerous clients throughout the United States, including California and the Los Angeles-area.  If you have lost money with Matthew J. Davis or OneAmerica Securities and want to hear about ALL legal options, please visit https://www.israelsneuman.com/ or call us at 720-599-3505.

 

Click to view FINRA AWC:  OneAmerica FINRA AWC

 

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.
10.0David P Neuman

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