National investment loss lawyers KlaymanToskes is investigating barred broker David Menashe (CRD# 5727269) of Benchmark Investments and Allied Millennial Partners.
According to FINRA BrokerCheck, David Menashe, a former broker at Benchmark Investments and Allied Millennial Partners is facing a customer complaint alleging $783,000 in damages due to churning, fraud, unauthorized trading, and other alleged violations of securities rules.
Menashe was permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”) on July 15, 2022, in connection with findings that he refused to appear for on-the-record testimony requested by FINRA in connection with its investigation into potential unsuitable and excessive trading in customer accounts.
Investors that suffered losses with broker David Menashe are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
David Menashe has been permanently barred by FINRA in connection with findings that he potentially engaged in unsuitable and excessive trading in customer accounts. According to FINRA BrokerCheck records, Menashe is also the subject of a customer complaint alleging breach of fiduciary duty; churning; fraud; misrepresentation; omission of facts; suitability; unauthorized trading; breach of contract; failure to supervise; and negligence. The customer is seeking $783,000 in alleged damages.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker David Menashe, or have concerns regarding your investment portfolio at Benchmark Investments, Allied Millennial Partners, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.