Department of Business Oversight of the State of California Securities Division

Mr. Davis has been suspended by the California Department of Business Oversight Securities Devision for 2 years for failure to report his AWC from FINRA on his form U-4.

Settled

Suspension

All Capacities

2 Years

10/15/2018

10/15/2020

FINRA

WITHOUT ADMITTING OR DENYING THE FINDINGS, DAVIS CONSENTED TO THE SANCTION AND TO THE ENTRY OF FINDINGS THAT HE FAILED AND REFUSED TO APPEAR FOR FINRA ON-THE-RECORD TESTIMONY REGARDING ALLEGATIONS THAT HE ENGAGED IN MISCONDUCT IN SEVERAL CUSTOMER ACCOUNTS, INCLUDING CONVERSION; MISREPRESENTATION OF CUSTOMER HOLDINGS AND ACCOUNT VALUES; FORGERY OF ACCOUNT RELATED DOCUMENTS; DISCRETIONARY AND/OR UNAUTHORIZED TRADING; EFFORTS TO SETTLE A CUSTOMER COMPLAINT AWAY FROM HIS MEMBER FIRM; AND UNSUITABLE RECOMMENDATIONS.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All Capacities

Indefinite

6/18/2014

A CUSTOMER OF THE REGISTERED REPRESENTATIVE SUBMITTED A DECLARATION TO THE FIRM ON DECEMBER 13, 2013 IN WHICH THE CUSTOMER DECLARED THAT (1) ON JULY 12, 2012, A WITHDRAWAL WAS MADE FROM THE CUSTOMER'S BROKERAGE ACCOUNT OF $51,800.00; (2) THE CUSTOMER LEARNED OF THE WITHDRAWAL ON OR ABOUT DECEMBER 2, 2013; (3) THE CUSTOMER DENIED HAVING SIGNED THE FORM OR OTHERWISE AUTHORIZING THE WITHDRAWAL WHEN THE FIRM SHOWED THE CUSTOMER THE WITHDRAWAL REQUEST FORM SUBMITTED TO THE FIRM BY THE REGISTERED REPRESENTATIVE; AND (4) THE WITHDRAWN AMOUNT WAS NOT RECEIVED BY THE CUSTOMER BUT WAS SENT AT THE DIRECTION OF THE REGISTERED REPRESENTATIVE TO A THIRD PARTY ACCOUNT OF WHICH THE CUSTOMER DECLARES NO KNOWN RELATIONSHIP OR KNOWLEDGE.

$51,800.00

$51,800.00

ALLEGATIONS ALLEGE THE VARIABLE ANNUITY THAT WAS PURCHASED BY THE COMPLAINANT ON 11/8/2010 WAS AN UNSUITABLE INVESTMENT AND THAT THE REPRESENTATIVE MISREPRESENTED THE PRODUCT.

$20,000.00

ONEAMERICA SECURITIES, INC

Discharged

VIOLATED FIRMS POLICY AND PROCEDURES, MADE EFFORT TO SETTLE CUSTOMER COMPLAINT WITHOUT FIRMS KNOWLEDGE, CHANGED ADDRESS WITHOUT CLIENT'S KNOWLEDGE AND VIOLATED FIRMS COMMUNICATION POLICY.

ALLEGATIONS ALLEGE THE REPRESENTATIVE RECOMMENDED AN UNSUITABLE INVESTING/TRADING STRATEGY THAT RESULTED IN HIGHER RISK EXPOSURES AND ULTIMATELY MARKET LOSSES. ADDITIONALLY,CLAIMANT ALLEGE THE REPRESENTATIVE ENGAGED IN CHURNING; MISREPRESENTATION, FRAUD, AND UNAUTHORIZED ACTIVITIES. DATES WHEN THE ALLEGED ACTIVITY OCCURED WAS APPROXIMATELY 4/9/2010 - 6/13/2013

$500,000.00

$325,000.00

ALLEGATIONS ALLEGE THAT THE REPRESENTATIVE RECOMMENDED AN UNSUITABLE TRADING STRATEGY THAT RESULTED IN HIGHER RISK AND ULTIMATELY MARKET LOSSES. ADDITIONALLY, CLAIMANTS ALLEGE THE REPRESENTATIVE FAILED TO FOLLOW INSTRUCTIONS AND ENGAGED IN UNAUTHORIZED TRADING. ALLEGED ACTIVITY PERIOD IS 11/3/2011 TO 10/15/2012.

$161,468.67

$125,000.00

CLIENT ALLEGES THAT SURRENDER CHARGES WERE NOT DISCLOSED BEFORE LIQUIDATING VARIABLE ANNUITIES PER CLIENTS' REQUEST

$10,595.00