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David A. Noyes and Company: 8 Customer Complaints, 17 Regulatory Sanctions

David A. Noyes and Company

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on June 20, 2019 indicate that Indiana-based brokerage firm David A. Noyes & Company has received customer complaints and regulatory sanctions in connection to alleged rule violations. Fitapelli Kurta is interested in hearing from investors who have complaints regarding David A. Noyes & Company (CRD# 205).

Established in Illinois in 1978, David A. Noyes & Company is headquartered in Indianapolis, Indiana and registered with 51 US states and territories. Organized as a corporation, the company’s fiscal year ends in December. According to its BrokerCheck report, David A. Noyes & Company has received 8 customer complaints and 17 regulatory sanctions.

In 2008 FINRA sanctioned the firm in connection to allegations of supervisory failures related to the maintenance of a barrier between its sales department and investment banking departments, with an eye toward precluding the transfer of “material, non-public information concerning investment activity” to parties outside the investment segment of the business. In connection with these findings, the firm was censured and issued a fine of $22,500.

In 2007 a customer alleged David A. Noyes & Company breached its fiduciary duty, breached contract, failed in its supervisory duties, and acted negligently. The complaint resulted in an award to the customer of $174,731.

In 2001 a customer alleged David A. Noyes & Company engaged in manipulation, made misrepresentations of material facts regarding investments, and failed in its supervisory duties. The complaint resulted in an award to the customer of $45,322.

In 1999 a customer alleged the firm breached its fiduciary duty, misrepresented material facts, acted negligently, and recommended unsuitable investments in common stock, Fannie Mae, municipal bond funds, and real estate. The complaint resulted in an award to the customer of more than $68,700.

In 1996 a customer alleged the firm churned investments, misrepresented material facts, made unsuitable investment recommendations, and acted negligently. The complaint resulted in an award to the customer of $9,000.

In 1992 a customer alleged the firm executed unauthorized trades, breached its fiduciary duty, and made misrepresentations of material facts in connection to investments in common stock and limited partnerships. The complaint resulted in an award to the customer of $64,500.

In 1993 a customer alleged the firm breached its fiduciary duty, misrepresented and omitted material facts, and failed in its supervisory duties. The complaint resulted in an award to the customer of $355,000.

In 1992 a customer alleged the firm misrepresented material facts, omitted material facts, and acted negligently. The complaint resulted in an award to the customer of $737.

In 1991 a customer alleged the firm made misrepresentations of material facts and breached its fiduciary duty. The complaint resulted in an award to the customer of $39,500

If you have lost money investing with David A. Noyes & Company, call Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited by law, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.