DAVID B MALKIN

DAVID B MALKIN is currently employed as a Broker and/or Investment Adviser at VALMARK SECURITIES, INC. located at 354 EISENHOWER PARKWAY, PLAZA II, SUITE 2900, LIVINGSTON, NJ, 07039.

DAVID B MALKIN has worked at VALMARK SECURITIES, INC. since February 02, 2004

Disclosure History

DAVID B MALKIN has 2 Disclosure Event(s).

Date: August 15, 2006
Category: Regulatory
Initiated By: COMMONWEALTH OF MASSACHUSETTS - DIVISION OF INSURANCE
Allegations: THIS MATTER DIRECLTY RELATES TO NASD ARBITRATION DRP FOR CASE 02-01955. MASSACHUSETTS DIVISION OF INSURANCE WROTE TO MALKIN ON 7/27/06 WITH OFFER TO INFORMALLY RESOLVE THE INVESTIGATION IF HE AGREED TO PAY A $750 FINE AND KEEP HIS MA INSURANCE LICENSE. THE PAYMENT OF THE FINE WAS REPORTED FORMALLY IN ERROR BY THE MA INSURANCE COMMISSIONER. MALKIN IS SEEKING LEGAL REMEDIES TO CLEAR HIS RECORD.
Resolution: Other SanctionDetails:
Sanctions: Monetary/Fine SanctionDetails:
Amount: $750.00 Sanction Details: $750.00 FINE PAID TO COMMONWEALTH OF MASSACHUSETTS INSURANCE DIVISION

Date: April 05, 2002
Category: Customer Dispute
Allegations: IN CONNECTION WITH THE SALE OF MUTUAL FUNDS AND PURCHASE OF A VARIABLE ANNUITY, CLAIMANT ALLEGES FAILURE TO SUPERVISE AND NEGLIGENCE.
Damage Amount Requested: $490,000.00 Damages Granted: $551,000.00
Broker Comment: AT THE TIME OF THE ARBITRATION I THOUGHT I HAD READ AND APPROVED THE APPLICATION FOR THE PURCHASE OF THE VARIABLE ANNUITY. HOWEVER, I SUBSEQUENTLY LEARNED THAT THE BROKER DID NOT SUBMIT THE APPLICATION TO ME. INSTEAD, HE SUBMITTED THE APPLICATION DIRECTLY TO THE INSURANCE COMPANY AND THE NEW CUSTOMER INFORMATION FORM DIRECTLY TO THE BROKER-DEALER, WITHOUT MY PRIOR REVIEW AND/OR APPROVAL.

More Information

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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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