Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Petray (Petray), currently associated with Syndicated Capital, INC., has at least one disclosable event. These events include one customer complaint, alleging that Petray recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $116,000.00 on April 02, 2026.
Client opened 2 accounts , one retail account on 10.30.2025 and one beneficiary IRA account on 08.30.2025. The rep allocated the portfolios to align with the client’s risk tolerance, investment objective and time horizon. Subsequently, the markets suffered losses as a result of geopolitical events around the world. Client transferred out his holdings in kind on 03.31.2026. On 04.02.2026, he initiated a written complaint and demanded to be compensated for unrealized portfolio losses.