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Western International Securities’ David Karin: $1.2mm Complaint

Westlake Village, California financial advisor David Karin (CRD# 2486154) recently received an investor complaint alleging damages of more than $1 million. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Western International Securities.

Mr. Karin’s BrokerCheck report discloses three investor complaints. The most recent, filed in November 2022, alleges that as a representative of Western International Securities, he misrepresented material facts and recommended unsuitable corporate bond investments. The pending complaint alleges damages of $1,220,000.

A second investor complaint, filed in 2012, alleged that as a representative of Chase Investment Corporation, he misrepresented material information regarding a variable annuity investment. The complaint alleged damages of more than $53,000 and was denied by the firm.

A third investor complaint, also filed in 2012, similarly alleged he made misrepresentations concerning an investment in a variable annuity. The complaint reached a settlement of $47,500.

According to the Financial Industry Regulatory Authority, David Karin holds 28 years of securities industry experience. Based in Westlake Village, California, he has been registered as a broker and as an investment advisor with Western International Securities since 2012. His registration history includes Chase Investment Services Corporation (Westlake Village, California; 2009-2012), Wamu Investments (Simi Valley, California; 1999-2009), Schoff & Baxter (Burlington, Iowa; 1999), Cal Fed Investments (Sacramento, California; 1998-1999), Glenfed Brokerage Services (Glendale, California; 1996-1998), and Baraban Securities (Los Angeles, California; 1994-1996). His credentials include the passage of three securities industry qualifying examinations: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in California, Georgia, Idaho, Kansas, Montana, and Nevada. (Information current as of January 1, 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.

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