David Hall, previously with State Farm VP Management Corp., Barred by FINRA
Have you lost money with financial advisor David Hall? We are looking into allegations made about David Lance Hall from Bakersfield, California. FINRA (the Financial Industry Regulatory Authority) barred Hall from the securities industry after he failed to respond to an investigation. FINRA was investigating him regarding allegations that he excessively traded or churned customer accounts.
David Hall was a financial advisor and registered representative of State Farm VP Management Corp. from 2008 to April 2019. He worked in a branch office in Bakersfield, California. Hall has been the subject of a 2017 bankruptcy and four tax liens. He also operated David Hall Insurance Agency.
Brokerage firms like State Farm VP Management Corp. have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including California. Our attorneys have represented over one thousand investors against many brokerage firms in the past.