Jeffrey Goldman: $77K Complaint Against Chapin Davis Advisor

Baltimore, Maryland financial advisor Jeffrey Goldman (CRD# 2493183) recently received an investor complaint alleging that his recommendations resulted in losses. Financial Industry Regulatory Authority records show that he is registered as a broker with Chapin Davis and an investment advisor with Chapin Davis Asset Management.

Mr. Goldman’s BrokerCheck report discloses one investor complaint. Filed in December 2023, it alleges that as a representative of Chapin Davis, he recommended unsuitable investments in structured notes. The pending complaint alleges damages of $77,696.75.

The term “unsuitable,” according to FINRA Rule 2111, describes investments that are not appropriate for a customer’s investment profile. As that rule requires, brokers must have a reasonable basis to believe their recommendations are suitable for their clients, based on reasonable diligence into their profiles. An investor’s profile “includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance,” and other factors. Representatives must determine not only that the product or strategy is suitable for some customers, but that it is suitable for the one to whom they are recommending it. Brokers who recommend unsuitable investments may be liable for damages.

According to the Financial Industry Regulatory Authority, Jeffrey Goldman holds 29 years of securities industry experience. Based in Baltimore, Maryland, he has been a broker with Chapin Davis since 1997 and an investment advisor with Chapin Davis Asset Management since 2011. His registration history includes Legg Mason Wood Walker, where he was registered from 1994 until 1997. His credentials include the passage of five securities industry qualifying exams: 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; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Combined State Law Examination, or Series 66. He is licensed in California, Connecticut, the District of Columbia, Florida, Maryland, Michigan, New Mexico, North Carolina, Oregon, Texas, and Washington. (Information current as of January 21, 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.