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Dave Stamper: Suitability Complaint Against Stamper Wealth Advisor
Cary, North Carolina financial advisor Dave Stamper (CRD# 2301862) recently received an investor complaint alleging he recommended unsuitable products. Financial Industry Regulatory Authority records indicate that he is currently registered as a broker and an investment advisor with Cetera Advisor Networks, doing business as Stamper Wealth Management.
Mr. Stamper’s BrokerCheck report discloses several investor complaints. The most recent, filed in January 2023, alleges that as a representative of Summit Brokerage Services, he recommended unsuitable real estate investments. The pending complaint alleges unspecified damages.
An earlier investor complaint, filed in 2005, alleged that as a representative of Wachovia Securities, he unsuitably recommended unsecured investments. The complaint reached a settlement of $24,999.
A third investor complaint, filed in 2003, alleged that while he was a representative of Wachovia Securities, he misrepresented a preferred stock investment as a bond product. The complaint reached a settlement of $33,672.42.
A fourth investor complaint, filed in 2002, alleged that he breached his fiduciary duty, committed fraud, and acted negligently in connection with an annuity investment while at Wachovia Securities and First Union Securities. The complaint resulted in an award to the customer of $35,000.
According to the Financial Industry Regulatory Authority, Dave Stamper holds 30 years of securities industry experience. Based in Cary, North Carolina, he has been a broker and an investment advisor with Cetera Advisor Networks since 2019 and 2021, respectively, doing business as Stamper Wealth Management. His past registrations include Summit Brokerage Services (Cary, North Carolina; 2006-2019), Wachovia Securities (Apex, North Carolina; 2000-2006), First Union Brokerage Services (Charlotte, North Carolina; 1995-2000), BB&T Investment Services (Charlotte, North Carolina; 1999), AG Edwards & Sons (St. Louis, Missouri; 1994-1995), Mid-Atlantic Securities (Raleigh, North Carolina; 1993-1994), and AG Edwards & Sons (St. Louis, Missouri; 1993). His credentials include the passage of six securities industry qualifying exams: the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is currently licensed in Arizona, Indiana, North Carolina, and Virginia. (Information current as of April 17, 2023.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.