James Ciocia (CRD# 1619245), a financial advisor in Tampa, Florida, has received investor complaints alleging six-figure damages. Financial Industry Regulatory...Read More
David Khezri: FINRA Suspends Hauppage Broker
Two pending investor complaints against former Network 1 Financial Securities broker David Khezri (CRD# 2736831) allege cumulative losses of more than $400,000. According to Financial Industry Regulatory Authority (FINRA) records, Khezri was most recently registered with Network 1’s branch office in Hauppage, New York.
David Khezri’s BrokerCheck report lists two pending customer complaints against him. It also describes a May 2021 FINRA determination to recommend disciplinary action against him in connection to allegations he excessively traded customer accounts, churned customer accounts, made unsuitable trading in customer accounts, and executed unauthorized margin trades in customer accounts; the case remains pending. Khezri was additionally the subject of a 2015 FINRA sanction in connection to allegations he “improperly exercised discretion by effecting approximately one-hundred trades for six customers without obtaining prior written authorization.” FINRA issued him a 30-day suspension and a fine of $5,000.
A pending 2021 complaint alleges that as a representative of Cape Securities, David Khezri executed excessive trades, recommended unsuitable investments, churned investments, breached his fiduciary duty, acted negligently, breached contract, and committed fraud in connection to real estate investment trust products. The pending complaint alleges damages of $187,000.
A pending 2020 complaint alleges that as a representative of Joseph Stone Capital, David Khezri breached his fiduciary duty and acted negligently in connection to investments in common and preferred stock products. The pending complaint alleges damages of $235,635.
According to the Financial Industry Regulatory Authority (FINRA), David Khezri holds 24 years of securities industry experience and is currently not registered as a broker or investment adviser. His prior registrations include Network 1 Financial Securities in Hauppage, New York; Worden Capital Management in Melville, New York; Joseph Stone Capital in Holbrook, New York; Cape Securities in Holbrook, New York; EKN Financial Services in Melville, New York; ITradeDirect.com Corp in Farmingville, New York; Liberty Partners Financial Services in Holbrook, New York; Milestone Financial Services in Bohemia, New York; Gilford Securities in New York, New York; Seaboard Securities in Florham Park, New Jersey; Seaboard Securities, HJ Meyers & Company in Rochester, New York; and Investors Associates in Hackensack, New Jersey. He has passed three securities industry qualifying examinations: the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. He currently holds no state securities licenses. (Information current as of August 18, 2021.)