Haselkorn & Thibaut Opens Investigation into David Franklin of Integral Wealth Securities
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Haselkorn & Thibaut, a leading national securities fraud law firm, has opened an investigation into David Franklin (CRD# 5236215), a former financial advisor who was recently barred by FINRA while registered with Integral Wealth Securities. If you had investments with David Franklin or suffered losses while working with him, you may have options for recovering your funds.
Understanding the David Franklin FINRA Bar and Criminal Charges
When choosing a financial advisor, investors trust that person with their financial future. Unfortunately, David Franklin’s recent regulatory actions and criminal charges raise serious concerns about his conduct in the securities industry. Here’s what investors need to know about these developments and potential red flags that may have been missed.
In October 2025, FINRA took the significant step of permanently barring David Franklin from the securities industry. This action stemmed from his refusal to cooperate with a FINRA investigation into allegations that led to his termination from Integral Wealth Securities. When regulators request information during an investigation, cooperation is mandatory – not optional. Franklin’s decision to refuse these requests through his counsel resulted in violations of FINRA Rules 8210 and 2010.
Criminal Charges: A Deeper Concern for David Franklin’s Clients
Perhaps even more troubling for investors is the criminal indictment filed against David Franklin in May 2025. The U.S. District Court for the District of Oregon charged him with:
- One felony count of conspiracy to commit money laundering
- One felony count of conspiracy to commit healthcare fraud
- Three felony counts of illegal healthcare kickbacks
These charges, while still pending, paint a concerning picture about Franklin’s activities outside of traditional securities work. Money laundering charges in particular should alarm any investor who entrusted their funds to this advisor, as they suggest potential misuse or misappropriation of client money.
David Franklin’s Background: Eight Years in the Industry
Before these regulatory and legal troubles, David Franklin held eight years of experience in the securities industry. Based in New York, New York, he maintained an impressive array of securities licenses, having passed seven qualifying examinations including the Series 7, Series 24 (General Securities Principal), and Series 63.
His employment history included:
| Firm Name | Time Period |
|---|---|
| Integral Wealth Securities | 2018 – 2025 |
| 1st Bridgehouse Securities | Prior to 2018 |
| Toll Cross Securities USA | Prior registration |
Red Flags Investors Should Have Watched For
While hindsight is 20/20, there are several warning signs that investors should always monitor when working with any financial advisor:
- Lack of transparency about investment strategies or fees
- Pressure to invest in specific products without clear explanations
- Difficulty accessing account statements or getting straight answers about performance
- Promises of guaranteed returns or “can’t lose” investment opportunities
- Requests to make checks payable to the advisor personally rather than the firm
- Involvement in business ventures outside of traditional securities
What This Means for David Franklin’s Clients at Integral Wealth Securities
If you invested with David Franklin while he was at Integral Wealth Securities or any of his previous firms, you should immediately:
- Review all account statements for any suspicious transactions
- Document any losses or unexplained account activity
- Gather all communications with Franklin, including emails, texts, and notes from meetings
- Check your current account status and ensure your investments have been properly transferred
The combination of FINRA disciplinary action and pending criminal charges creates a unique situation where investors may have multiple avenues for recovery. Securities firms like Integral Wealth Securities have a duty to supervise their registered representatives, and failures in supervision can make them liable for investor losses.
Time Is Critical: Why You Should Act Now
FINRA arbitration claims have strict time limits, typically requiring filing within six years of the event giving rise to the claim. However, the discovery of wrongdoing can sometimes extend these deadlines. Given that Franklin was barred in October 2025 and criminally charged in May 2025, the window for taking action is now.
You can verify David Franklin’s regulatory history and current status by visiting FINRA’s BrokerCheck database.
Get Help from Experienced Securities Attorneys
Haselkorn & Thibaut has over 50 years of experience helping investors recover losses from financial advisor misconduct. With a 98% success rate and millions recovered for clients nationwide, the firm operates on a “No Recovery, No Fee” basis, meaning you pay nothing unless they successfully recover funds for you.
If you invested with David Franklin at Integral Wealth Securities or any of his previous firms, don’t wait to explore your options. The investigation into his activities is ongoing, and early action often leads to better outcomes for investors.
Take Action Today: Contact Haselkorn & Thibaut for a FREE CONSULTATION about your David Franklin investments. Call 1-888-628-5590 to speak with an experienced securities attorney who can evaluate your case and explain your options for recovery. Visit investmentfraudlawyers.com to learn more about your rights as an investor.
Remember, you don’t have to navigate this situation alone. With the right legal guidance, investors who suffered losses with David Franklin may be able to recover their funds through FINRA arbitration or other legal channels. The first step is understanding your rights and options – and that starts with a simple phone call.
