David Narish: Did Center Street Advisor Recommend Unsuitable Product?

Frankfort, Illinois financial advisor David Narish (CRD# 3005959) allegedly recommended an unsuitable investment, according to a recent investor complaint filed against him. Financial Industry Regulatory Authority records show that he is a broker with Center Street Securities and an investment advisor with Center Street Advisors.

Mr. Narish’s BrokerCheck report discloses one investor complaint. Filed in November 2022, the complaint alleges that as a representative of Center Street Securities, he recommended unsuitable alternative investment products that were “not in the client’s best interest.” For reference, FINRA’s suitability standard requires brokers to recommend investments and strategies that, as determined through a due diligence process, are considered appropriate for a particular investor’s background and objectives. The pending complaint alleges damages of $50,000.

According to the Financial Industry Regulatory Authority, David Narish holds 24 years of securities industry experience. Based in Frankfort, Illinois, he has been a broker with Center Street Securities since 2014 and an investment advisor with Center Street Advisors since 2015. His past registrations include Brookstone Capital Management (Tinley Park, Illinois; 2014-2015); Cambridge Investment Research Advisors (Tinley Park, Illinois; 2011-2014), Cambridge Investment Research (Tinley Park, Illinois; 2011-2014), MML investors Services (Tinley Park, Illinois; 2010-2011), Farmers Financial Solutions (Orland Park, Illinois; 2001-2010), and Waddell & Reed (Overland Park, Kansas; 1998-2001). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Colorado, Florida, Illinois,Indiana, Montana, and South Carolina. (Information current as of December 26, 2022.)

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