David Tucker, Formerly of Brooklight Place Securities, Facing Administrative Action…

Tucker is accused of selling securities without being registered, failing to disclose outside business activity, and failure to observe high standards of commercial honor.

The Sonn Law Group is investigating allegations that David Tucker committed misconduct. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

david-tucker-alleged-misconductDavid Tucker (CRD#: 3212328) was registered as a broker with Brooklight Place Securities from May until October of 2019. Previously, Tucker was registered as a broker with Peak Brokerage Services from January 2018 until May 2018.

Tucker has six disclosures on his BrokerCheck report.

October 2019 Regulatory Judgment

  • Initiated By: Florida Office of Financial Regulation
  • Allegations: Sale of Securities by an unregistered person, failure to disclose outside business activity, and subject of a pending enforcement action.

October 2019 Regulatory Judgment

  • Initiated By: Florida Office of Financial Regulation
  • Allegations: Sale of securities by an unregistered person, offer to sell securities through an unregistered person, or both; failure to disclose outside business activities; failure to observe high standards of commercial honor.

November 2009 Regulatory Judgment

  • Status: Final
  • Initiated By: FINRA
  • Allegations: NASD Rules 2210(B) and 2210(D): Respondent David Alan Tucker engaged in radio broadcasts with the public and placed a print advertisement without the approval of a firm representative principal. In the radio broadcast and print advertisement, Tucker made statements which omitted material information, failed to provide a balanced representation and a sound basis for certain claims and/or were exaggerated, unwarranted, promissory and misleading.
  • Resolution: Acceptance, Waiver & Consent (AWC)
  • Sanctions: Civil and Administrative Penalty(ies)/Fine(s)
  • Amount: $5,000.00
  • Sanctions: Suspension
  • Registration Capacities Affected: Any Capacity
  • Duration: 20 Days
  • Start Date: 12/21/2009
  • End Date: 1/9/2010

October 2008 Regulatory Judgment

  • Status: Final
  • Initiated By: Florida Office of Financial Regulation (“Office”)
  • Allegations: On 10/30/2008, the Office issued an administrative complaint and notice of rights against Mr. Tucker alleging violations of Chapter 517, Florida Statutes for failure to submit print and radio advertisements to ProEquities Inc. for review and approval. The notice of rights allowed Mr. Tucker, within 21 days following receipt of the complaint, to petition the office for an administrative hearing. 
  • Resolution: Order
  • Sanctions: Cease and Desist
  • Sanctions: Civil and Administrative Penalty(ies)/Fine(s)
  • Amount: $15,000.00
  • Broker Comment: On 7/16/2009, the Office entered a final order adopting the recommended order dated 05/22/2009 by the administrative law judge in Doah case #08-5984 whereby it was found that the office demonstrated by clear and convincing evidence that Mr. Tucker: 1) filed to submit to ProEquities print and radio advertisements for review and approval prior to first use with respect to the original radio appearance in December 2006; his radio show in 2007 and his radio commercials and printed ads in 2007, and; used radio advertisements that failed to disclose the name of the member, ProEquities.

December 2007 Employment Separation After Allegations

  • Firm Name: ProEquities, Inc.
  • Termination Type: Discharged
  • Allegations: Representative provided inaccurate information to the firm in response to a regulatory inquiry. Violated the firm’s advertising policy.

April 2002 Customer Dispute

  • Status: Settled
  • Allegations: Representative listed on U-4 as “employed” by ProEquities on 4/6/99; sold interests in ETS Payphones to customer on 4/21/99 (before taking series 6 exam or contracting or affiliating with ProEquities); Claimant alleges failure to supervise rep’s sales practices; sale of unregistered security.
  • Damage Amount Requested: $42,000.00
  • Broker Comment: Firm has requested payment from rep for entire amount.

Contact Us Today

The Sonn Law Group is currently investigating allegations that David Tucker committed misconduct. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.

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