Davin Carey: Avantax Advisor Receives $125K Complaint

Oxnard, California financial advisor Davin Carey (CRD# 5413012) recently received an investor complaint alleging that his conduct resulted in losses exceeding $100,000. Financial Industry Regulatory Authority records show that he is registered as a broker with Avantax Investment Services and an advisor with Avantax Advisory Services.

Mr. Carey’s BrokerCheck report discloses two investor complaints. The most recent, filed in April 2024, alleges that as a representative of Avantax Investment Services, he recommended an unsuitable direct investment. The pending complaint alleges damages of $125,000.

An earlier investor complaint, filed in 2022, similarly alleged that as a representative of Avantax Investment Services, he made an unsuitable investment recommendation. In 2023 the complaint reached a settlement of $41,000.

As his BrokerCheck report discloses, Mr. Carey is also a representative of Carey & Hanna Tax & Wealth Planners. That firm’s website includes a page describing its approach to providing financial planning advice. “Our strategies are designed to maximize growth potential in the long run while ensuring your short-term financial needs are met,” it explains. “Every recommendation we make is based on your current circumstances and unique goals for the future… Our entire team is friendly, knowledgeable, and committed to your success. We will leverage our decades of experience, professional training, and broad, real-world advice for your advantage.”

According to the Financial Industry Regulatory Authority, Davin Carey holds 16 years of securities industry experience. Based in Oxnard, California, he has been registered as a broker with Avantax Investment Services since 2007 and an advisor with Avantax Advisory Services since 2008. His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; 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 holds 21 state licenses. (Information current as of June 22, 2024.)

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.