August 30, 2024 – An AWC was issued in which Slater was fined $7,500 and suspended from association with any FINRA member in all capacities for three months. Without admitting or denying the findings, Slater consented to the sanctions and to the entry of findings that he shared approximately $500,000 in commissions generated from securities transactions in his customers’ accounts with an unregistered person. The findings stated that Slater paid the unregistered person half of the commissions he earned from his work at his member firm as part of a business partnership with that person, including insurance sales, unrelated to the securities industry. Slater and the unregistered person also communicated regarding potential securities recommendations for one or more brokerage customers and met jointly with at least one customer to discuss securities recommendations.
The suspension is in effect from September 16, 2024, through December 15, 2024.
(FINRA Case #2022075799001)
If you have suffered losses as a result of David Nathan Slater's act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by David Nathan Slater. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-618-0545 or email Matthew Schwartz directly at mschwartz@tslfirm.com.
Matthew Schwartz
Matthew Schwartz represents clients harmed by lawyers, accountants, insurance professionals, real estate agents, brokers, financial advisors, and other trusted professionals. He handles Florida litigation and nationwide FINRA arbitration. He has been recognized in The Best Lawyers in America® and named to the Best Law Firms® list.
More about Matthew