Theo Davis represents investors in securities arbitration, investment fraud and other disputes involving brokerage firms, financial advisors and financial services companies. His practice focuses on recovering investment losses arising from unsuitable investment recommendations, misrepresentations and omissions, unauthorized trading, breach of fiduciary duty and other forms of broker and investment misconduct.
Theo has represented investors in FINRA and predecessor NASD arbitrations for more than two decades. He began his securities law career as Staff Counsel at Prudential Financial, where he evaluated investor complaints, negotiated settlements and defended the firm in securities arbitrations throughout the United States. He subsequently moved to the investor side of the practice. His experience representing both financial institutions and investors gives him a practical understanding of how brokerage firms evaluate, defend and resolve securities claims.
Theo has achieved significant recoveries for investors in securities arbitration. In one notable matter, he represented a retired investor in a week-long arbitration against a clearing firm and obtained an award recovering 100 percent of the client’s investment losses, together with interest, attorneys’ fees and punitive damages totaling three times the actual losses. He successfully defended the award when the clearing firm sought to vacate it in federal court. The matter, Kostoff v. Fleet Securities, et al., was subsequently discussed in David Robbins’ Securities Arbitration Procedure Manual in connection with clearing firm liability.
In another FINRA arbitration, Theo represented a disabled investor in claims against brokerage firms and obtained an award recovering the investor’s losses as well as a substantial sanction against the brokerage firm for its conduct.
Theo’s practice is international in scope. He is also a licensed Solicitor in England and Wales and has represented investors residing outside the United States in FINRA proceedings involving U.S. brokerage firms and financial professionals.