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Broker Misconduct Investigation: David Rhodes (Cetera Advisor Networks)

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Updated on: November 19, 2024

National investment loss lawyers KlaymanToskes is investigating broker David Rhodes of Cetera Advisor Networks (CRD# 2620006).

According to FINRA BrokerCheck, broker David Rhodes of Cetera Advisor Networks is facing a pending investor complaint alleging investor damages due to unsuitable recommendations to invest in a real estate security.

Investors that suffered losses with broker David Rhodes 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.

Financial Advisor David Rhodes Faces Investor Complaint

David Rhodes, a financial advisor from Bryan, Texas, is facing a complaint from an investor who alleges losses due to unsuitable investment recommendations. The complaint allegedly relates to an investment in a real estate security. According to the Financial Industry Regulatory Authority (FINRA), Rhodes is currently working as a broker with Cetera Advisor Networks and as an advisor with Cetera Investment Advisers.  Rhodes’ BrokerCheck report shows that he has been hit with several complaints from investors over the years. A complaint filed in November 2021 involving Rhodes alleged unsuitable and high risk alternative investments, and was settled in favor of the investor for $250,000. 

Investment Losses with Broker David Rhodes?

Investment Losses with Broker David Rhodes?

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Signs Investors Should Look Out For About Their Brokerage Accounts

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:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

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 Rhodes, or have concerns regarding your investment portfolio at Cetera Advisor Networks, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.