Erez Law is currently investigating former First Allied Securities, Inc. broker David Giegerich (CRD# 2795115) regarding real estate security losses. He was registered with LPL Financial LLC in Bridgewater, New Jersey from 2016 to 2021. Previously, he was registered with First Allied Securities, Inc. in Bridgewater, New Jersey from 2009 to 2016.
David Giegerich Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
June 2022. “Claimant alleges financial adviser recommended investments that were unsuitable. Claimant generally alleges causes of action of suitability, misrepresentation, breach of contract, breach of fiduciary duty, and negligence.” The customer is seeking $100,001 in damages and the case is currently pending. The complaint took place while he was registered with First Allied Securities, Inc. and was regarding real estate security losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, First Allied Securities, Inc. may be liable for investment or other losses suffered by David Giegerich’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.