Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Douglas Davis (Davis), currently associated with Wells Fargo Advisors Financial Network, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Davis recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint on December 12, 2025.
The client complains that instructions given several years ago regarding not selling a holding in a managed portfolio were not followed, such that the securities were sold at a profit, resulting in capital gains. The client seeks reversal of the liquidations. (9/8/2020 – 12/12/2025)