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CFP Board Suspends David Gabai After FINRA Bar for Alleged Deceptive and Fraudulent Scheme

The CFP suspended advisor David Lawrence Gabai of West Hills, California after discovering that FINRA had barred him for the use of "deceptive, fraudulent and manipulative devices and schemes involving the purchase and sale of a stock."

At the time of his bar, FINRA alleged the former LPL Financial broker manipulated prices while avoiding margin calls in the NASDAQ listed National Technical Systems, Inc.

According to the Certified Financial Planner Board, Gabai additionally failed to timely disclose the FINRA action to the CFP as is required, resulting in a suspension from CFP through August 2020.

If you have invested with David Lawrence Gabai or with any broker or financial adviser whose price manipulations or failure to disclose past disciplinary actions has proven harmful to your investments or interests, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.

News: CFP Board Censures Advisors for Run-Ins with FINRA (Bank Investment Consultant)

Categories: Penny Stocks, FINRA, LPL, Disclosure, CFP
The Law Offices of Jonathan W. Evans & Associates - California Securities Fraud Attorney
Located at 12711 Ventura Boulevard, Suite #440 Studio City, CA 91604. View Map
Phone: (800) 699-1881 | Local Phone: (818) 760-9880.