Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on May 31, 2018 indicate that former Missouri-based Forest Securities broker/adviser David Apted, who has been sanctioned by FINRA, was recently named in a FINRA investigation into alleged rule violations. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Apted (CRD# 1255773).
David Apted has spent 33 years in the securities industry and was most recently registered with Forest Securities in St. Louis, Missouri (2016-2018). Previous registrations include Smith Moore & Company in Clayton, Missouri (2013-2016); Securities Service Network in St. Louis, Missouri (2007-2013); Genworth Financial Securities Corporation in St. Louis, Missouri (2001-2007); Royal Alliance Associates in Jersey City, New Jersey (2000-2001); Walnut Street Securities in El Segundo, California (1990-2000); MML Investors Services in Springfield, Massachusetts (1985-1990); and Massachusetts Mutual Life Insurance Company (1985-1988). He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on August 23, 2013; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on February 4, 1985; and Series 7 (General Securities Representative Examination), which he obtained on January 19, 1985. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one FINRA sanction, was recently named in a FINRA investigation, and was discharged from his former employer in connection to alleged rule violations.
In March 2018 he was named in a FINRA investigation into allegations he failed to report an outside business activity. The investigation remains pending.
In February 2018 he was terminated from his position at Forest Securities in connection to allegations stemming from an internal review that “revealed” he failed to disclose an outside business activity, conducted securities business while under suspension, submitted fraudulent tax documents to an affiliate, and made incomplete responses as well as material misrepresentations of fact to the firm in regard to firm requests.
In August 2017 FINRA sanctioned him in connection to allegations he engaged in investors’ private securities transactions in a venture capital fund through a separate firm without notifying his current member firm about the transactions or his role. FINRA’s findings also stated that he disclosed nonpublic information regarding clients to another firm without their consent and without notifying the firm that he was sharing such nonpublic information; he also allegedly made communications regarding his securities business over a personal email that his firm was unable to supervise. He was issued a four-month suspension and a fine of $10,000.
If you or someone you know has lost money investing with David Apted, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.