Peiffer Wolf Carr Kane & Conway is currently investigating claims against John Davenport, a registered broker with Liberty Partners and Davenport and Associates in Norwalk, CT. Davenport & Associates also maintains locations in White Plains, New York and Naples, Florida. Davenport is also associated with the Bakersfield, CA office of Liberty Partners.
According to FINRA’s BrokerCheck website for Public Disclosures, John Davenport has been the subject of 8 disclosures. Some of the more notable disclosures are as follows:
2019: Regulatory Suspension & Civil and Administrative Penalty of $20,000: “Davenport consented to the sanctions and to the entry of findings that he placed two securities transactions for a registered representative of another firm and split the commissions generated from the transactions with that representative, without the knowledge or consent of either firm, and without reflecting the commission sharing on his member firm’s books and records.”
2017: Financial: Pending Personal Bankruptcy
2016: Judgment/Lien – Tax Lien of $216,041.00
2016: Judgment/Lien – Tax Lien of $949,310.00
2007: Employment Separation After Allegations from his brokerage firm
2003: Customer Dispute – Settlement Amount of $50,000
To review John Davenport’s Brokercheck report, click here: https://brokercheck.finra.org/individual/summary/1448999
Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
John Davenport has worked at multiple firms over the years for very short periods of time, including Liberty Partners Financial Services, Securities America, FSC Securities Corp., SII Investments, Royal Alliance Associates, Prime Capital Services, Sunpoint Securities, Merrill Lynch, Smith Barney, Descap Securities, College Retirement Equities Fund, and Mony Securities. FINRA maintains a database of investor complaints and disciplinary and employment history for registered representatives and publishes some of this information on its BrokerCheck website, www.brokercheck.finra.org.
Based on our experience, we believe that there are more investors who have been the victim of Davenport’s alleged broker misconduct and investment fraud. If you’ve worked with or invested with John Davenport, you should contact Peiffer Wolf Carr Kane & Conway immediately for a FREE Consultation.
Peiffer Wolf Carr Kane & Conway is currently investigating John Davenport’s practices, as well as the products he recommended to individual investors. Concerns about possible broker misconduct and investment fraud are serious, and we are committed to fighting on behalf of investors. Contact Us Today for a FREE Consultation. 585-310-5140
If you believe you were a victim of predatory lending, investment fraud, or broker misconduct, it is imperative to take action. Peiffer Wolf Carr Kane & Conway has represented thousands of victims, and we remain committed to fighting on behalf of investors. We focus on identifying parties that are not only liable but have the financial ability to compensate victimized investors. Our goal is to put money back into our clients’ pockets.