Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Davenport (Davenport), previously associated with Silver Oak Securities, Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Davenport recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $24,000.00 on January 20, 2023.
In November 2022, the clients, a married couple, made an oral complaint to the firm concerning the representative and their accounts. Subsequently, in December 2022, one client complained in writing, alleging, with respect to discretionary advisory accounts, that unspecified investments were not suitable for the clients, that stop-loss orders were not used to protect the account from declining in value as the overall market declined, and that the portfolio was over-diversified, among other things.