David K. Griffith: $150K Complaint Against DK Griffith Advisor

Utica, New York financial advisor David K. Griffith (CRD# 3072664) allegedly breached his fiduciary duty and engaged in unjust enrichment, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with LifeMark Securities, doing business as DK Griffith & Company.

Mr. Griffith’s BrokerCheck report discloses one investor complaint. Filed in November 2023, it alleges that as a representative of LifeMark Securities Corporation, he acted negligently, breached contract, and engaged in unjust enrichment in connection with the recommendation of an alternative investment whose issuer later filed for bankruptcy. The pending complaint alleges damages of at least $150,000.

In a statement included with the complaint’s disclosure, Mr. Griffith defended himself against the allegations, writing that the investments were unsolicited and that they aligned with the customer’s risk profiles. “All risks and features of the investment were clearly and accurately disclosed,” he added, “in which client received and signed written disclosures with initials specifically acknowledging risk of bankruptcy.”

According to the Financial Industry Regulatory Authority, David K. Griffith holds 24 years of securities industry experience. Based in Utica, New York, he has been a broker and an investment advisor with LifeMark Securities since 2015. His past registrations include Leigh Baldwin & Company (Utica, New York; 2012-2015), UBN Financial Services (Utica, New York; 2007-2012), Leigh Baldwin & Company (Utica, New York; 2006-2007), M. Griffith Locke Investment Services (New Hartford, New York; 2001-2006 and 1999-2000), Robert W. Baird & Company (Milwaukee, Wisconsin; 2000-2001), and Northwestern Mutual Investment Services (Milwaukee, Wisconsin; 2000-2001). His credentials include the passage of five securities industry qualifying exams: 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 licensed in California, Connecticut, Florida, Georgia, Illinois, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Mexico, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Texas, and Virginia. (Information current as of January 21, 2024.)

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