Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has initiated an independent investigation into the conduct and disciplinary history of David Leslie Arlein (CRD #7145), a former broker based in Florida who was previously registered with Cabot Lodge Securities LLC, Fintegra, LLC, and Empire Financial Group, Inc. Our attorneys are closely examining recent regulatory developments and a pattern of investor complaints associated with Arlein’s securities industry tenure. If you invested with David Arlein or have questions about potential investment losses, we encourage you to continue reading and contact us for a free consultation at 1-888-885-7162.
Why Are We Investigating David Leslie Arlein?
Our firm leverages decades of former Wall Street defense experience to advocate for investors. We are aggressive in identifying patterns that may signal investor harm or regulatory infractions. The BrokerCheck profile for David Arlein reveals significant red flags—ranging from regulatory suspensions to a high number of client disputes. We provide this detailed research report to equip you with the information necessary to safeguard your rights and determine your next steps for funds recovery.
Summary: Regulatory Actions and Indefinite FINRA Suspension
Table of Contents
- Indefinite FINRA Suspension: On June 8, 2026, FINRA suspended David Arlein in all capacities for failure to comply with an arbitration award or settlement and for not addressing FINRA’s compliance requests. This indefinite suspension will only be lifted if Arlein satisfies the award or otherwise discharges the obligation.
- Arbitration Award Details: The arbitration panel found Arlein liable for $450,000 in compensatory damages, plus $150,000 in attorneys’ fees and $1,695 in fees—a serious finding that directly relates to harm suffered by investors.
- Insurance License Suspension: On October 27, 2016, the State of Florida’s Department of Financial Services suspended Arlein’s insurance license for soliciting business without proper licensure. He received a 90-day suspension and a $2,500 fine.
Detailed List of Complaints and Disclosures
Public records and FINRA’s BrokerCheck report for David Arlein (CRD 7145) list four regulatory events and 25 customer dispute disclosures. Below is a breakdown of available complaint information. Please note: This is not an exhaustive list of all historical complaints; details reflect public records as of the latest review.
| Date | Allegations | Claimed Losses | Status |
|---|---|---|---|
| January 16, 2025 |
|
$267,000 | Pending |
| January 24, 2024 |
|
$100,000 | Closed – No Action (as of Feb. 24, 2025) |
The additional 23 pending or previously disclosed customer disputes illustrate a concerning pattern requiring further scrutiny.
Key Regulatory Rules Implicated
- FINRA Rule 9554: Permits summary suspension for individuals failing to comply with arbitration awards. Arlein was suspended indefinitely under this rule in 2026.
- FINRA Rule 3110: Mandates robust firm supervision, written procedures, and the review of customer complaints. Several disputes against Arlein and associated firms cite negligent supervision—a breach of investor protection duties.
- Regulation Best Interest (Reg BI): In effect since June 2020, Reg BI raises the conduct standard for brokers when advising retail customers. Several allegations against Arlein reference Reg BI violations, underscoring the expectation that brokers must act in their clients’ best interests.
Red Flags Investors Should Not Ignore
- Repeated Supervisory Failures: Many disputes cite deficient supervision, a core investor protection issue under FINRA Rule 3110.
- Failure to Pay Awarded Damages: Arlein’s refusal or inability to satisfy an arbitration award is a direct threat to investors’ ability to recover their losses.
- Regulatory Suspensions and License Issues: Both FINRA and the State of Florida have imposed sanctions reflecting underlying compliance problems.
- Multiple Unresolved and Pending Complaints: 25 customer disputes underline recurring investor concerns, and some remain unresolved or in active litigation or arbitration.
- High Exposure to Risky Products: Allegations relate to complex or high-risk offerings such as private placements and GWG L-Bonds, which have been the focus of substantial investor litigation nationwide.
Protecting Investors: Our Experience and Results
Led by former Wall Street attorneys, our firm applies insider knowledge and a winner’s mindset to represent individual investors.
- 98% success rate across hundreds of resolved investor claims
- Over 95 years of combined securities law experience
- $520 million in securities matters handled
- Martindale-Hubbell AV Preeminent recognition
- Super Lawyers recognition
- 5.0-star client reviews
- No recovery, no fee – you pay nothing unless we achieve a recovery on your behalf
What Should You Do If You Suffered Losses with David Arlein?
If you invested with David Leslie Arlein—in Florida or elsewhere—or through Cabot Lodge Securities LLC, Fintegra, LLC, or Empire Financial Group, Inc., and suffered damages, you may have recovery options. Our attorneys can:
- Investigate the facts of your claim for free
- Explain your rights under FINRA and SEC rules
- Chart a path toward recovery of mismanaged or lost funds
- Navigate disputes involving Reg BI, breach of fiduciary duty, or negligent supervision
We represent investors nationwide in FINRA arbitration and directly against broker-dealers and financial advisors.
Free & Confidential Consultation
If you have concerns about your investments with David Leslie Arlein, do not delay. Contact us now at 1-888-885-7162 for a free, confidential legal review. Our attorneys will listen to your circumstances and provide clear advice for next steps. Your recovery is our mission. Let us put our expertise as former defense counsel to work fighting for your lost funds.
To examine David Arlein’s current professional status and further details, use BrokerCheck.
The investigation is ongoing. We urge any affected investors to reach out to our team for highly experienced, empathetic, and relentless advocacy—a hallmark of our approach at Haselkorn & Thibaut.
