Rick Davidson (CRD #: 1315998), a Miami, Florida broker registered with Aegis Capital, has settled a recent dispute with an investor, according to his BrokerCheck record, accessed on December 11, 2020. This is Mr. Davidson’s eighth customer dispute – the details of these disputes are provided below.

On September 25, 2020, a client alleged that Rick Davidson recommended unsuitable products and misrepresented certain securities. The client sought $500,000; the dispute settled for $25,000.

On November 4, 2019, a client alleged that Rick Davidson made unsuitable investment recommendations. The dispute is pending.  

On May 7, 2019, Mr. Davidson filed for bankruptcy.  

On May 15, 2017, a client alleged that Rick Davidson executed unauthorized trades with respect to corporate bond investments. The dispute settled for $21,000.

On July 22, 2016, a client alleged that Mr. Davidson recommended unsuitable investments. The client sought $1,000,000; the dispute settled for $175,000.

On May 17, 2016, Rick Davidson voluntarily resigned from Morgan Stanley, following allegations related to his use of discretion in clients’ accounts and receiving a loan from a Morgan Stanley employee.

On March 6, 2012, a client alleged that Mr. Davidson executed unauthorized transactions. The dispute settled for $101,787.94.

On January 5, 2012, a client alleged that Rick Davidson’s purchase of a bond was unauthorized and unsuitable. The client sought $80,000; the dispute settled for $8,185.90.

On September 28, 2011, a client alleged that Rick Davidson did not fully disclose the return on an investment made on January 21, 2011. The client sought $565,677.71, but the dispute was denied by the firm.

Rick Davidson has passed the Series 66 Uniform Combined State Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, and the Series 7 General Securities Representative Examination. He is a registered broker in 18 states and a registered investment adviser in New Jersey and Florida.

During his 35-year career, Rick Davidson has worked at 9 different firms:

  • Aegis Capital Corp (CRD #: 15007)
  • National Asset Management (CRD #: 7569)
  • National Securities (CRD #: 7569)
  • Jefferies Investment Advisers (CRD #: 121767)
  • Jefferies LLC (CRD #: 2347)
  • Morgan Stanley (CRD #: 149777)
  • Morgan Stanley & Co (CRD #: 8209)
  • Credit Suisse Securities (CRD #: 816)
  • Donaldson, Lufkin & Jenrette Securities (CRD # : 7560)

If Rick Davidson was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email info@fkesq.com for a free case consultation with a securities attorney.

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