Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has opened an investigation into former broker and investment adviser David Jerry Love (CRD# 4788074), formerly of LaSalle St. Securities, L.L.C. in Oklahoma. If you invested with David Jerry Love—especially in connection with cryptocurrency or private investment offerings—you may have rights to pursue the recovery of losses. Our experienced attorneys are actively reviewing cases for investors who suspect misconduct or supervision failures may have contributed to financial harm. Reach out for a free, confidential consultation at 1-888-885-7162.
Who Is David Jerry Love? Background & Recent Developments
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David Jerry Love is a former registered representative and investment adviser with approximately 13 years of industry experience. Over his career, he was associated with firms including:
- LaSalle St Securities, L.L.C. (2021–2024, his most recent firm in Oklahoma)
- ICMA-RC Services, LLC
- Morgan Stanley Smith Barney
- MML Investors Services, Inc.
Despite his prior credentials, Love’s regulatory record now reflects severe disciplinary actions. He has been permanently barred by both FINRA and Oklahoma securities regulators, effectively ending his ability to work in the securities industry or serve investor clients. Our firm’s ongoing investigation aims to understand the scope of investor losses and identify all possible recovery avenues.
Disciplinary Actions: FINRA and State Bars
FINRA Bar (January 2025): According to regulatory findings, Love was permanently barred from associating with any FINRA member firm due to:
- Failure to respond to FINRA information requests
- Failure to request termination of suspension within the required timeframe
- Automatic expulsion under FINRA Rule 9552(h)
These issues culminated in an automatic, permanent bar, removing Love from the brokerage and advisory community entirely.
Oklahoma Department of Securities Action (June 2025): In a separate but related action, state regulators issued a final consent order that:
- Permanently barred Love from acting as a broker-dealer agent or adviser in Oklahoma
- Revoked his ability to claim any securities registration exemptions
Regulators have alleged that Love:
- Sold unregistered securities disguised as investment contracts
- Pooled investor funds into a cryptocurrency wallet
- Claimed to engage in AI-generated trading signals and short-term options strategies
- Allegedly misused investor funds for personal expenses and repayments to other investors
- Failed to disclose outside business activities and private securities transactions
- Violated fiduciary duties owed to advisory clients
Alleged Crypto Investment Scheme & Misconduct
Regulatory filings and investigative media reports indicate that, between January and May 2024, Love:
- Solicited investors to transfer retirement savings and other funds into what was presented as an AI-driven, short-term “high-speed” crypto trading strategy
- Directed investor monies into a personal cryptocurrency wallet outside of supervisory controls
- Gave assurances of rapid gains and the ability to avoid tax consequences through quick withdrawals
- Allegedly used client funds for personal expenditures and to pay previous investors, a classic red flag
These activities resulted in investor losses that Oklahoma regulators estimate exceed $1.2 million.
Employment Termination from LaSalle St Securities, L.L.C.
In May 2024, LaSalle St Securities, L.L.C. discharged Love following preliminary allegations including:
- Breaches of supervisory procedures and compliance policies
- Participation in undisclosed outside business activities
- Failure to adhere to firm standards governing private securities transactions
Following his termination, regulatory investigations escalated quickly, leading to both the FINRA and state-level permanent bars.
Investor Complaints and History of Disputes
David Jerry Love’s complaint history shows a troubling escalation. Over more than a decade, several investor complaints and disputes have been recorded, particularly involving large and crypto-related losses in his most recent years:
| Year | Allegation | Resolution | Amount Claimed |
|---|---|---|---|
| 2024 (Pending) | Funds moved from a securities account to a personal bank account; promised investment opportunity in crypto | Pending | $850,000 |
| 2021–2023 |
|
Multiple (denied, settled) | Varied, including one for $7,000 |
Recent complaints have focused primarily on unregistered crypto investments, misuse of investor funds, and alleged personal enrichment at client expense.
Additional Allegations & Media Reporting
- Broad pool of victims, including retired first responders
- Investors were allegedly unaware that their funds had been transferred out of custodial accounts
- Significant alleged deception regarding “AI-driven” trading methodology and speed of returns
- Some investors believed their accounts were under legitimate brokerage oversight when they were not
- Regulators have noted the use of personal relationships, including online dating, in facilitating the alleged scheme
- Many investors remain unsure where any remaining assets are located or whether recovery is possible
It is important to note that, as of this time, no criminal charges have been publicly filed against Love, but the regulatory and civil exposure appears substantial and growing.
Key Red Flags for Investors
Cases like this underscore warning signs that investors should never ignore:
- Requests to move funds outside traditional brokerage or advisory platforms
- Promises of outsized, rapid returns, especially involving cryptocurrency or “proprietary” strategies
- Unregistered or non-transparent investment offerings
- Lack of clear, independent account statements
- Failure to receive confirmations directly from a regulated custodian
Your Legal Rights and Next Steps for Recovery
If you invested with David Jerry Love, particularly during his tenure at LaSalle St Securities, L.L.C. in Oklahoma, you may have the right to seek recovery of investment losses. Our attorneys can help by:
- Assessing the specifics of your account activity and losses
- Pursuing FINRA arbitration claims
- Investigating whether LaSalle St Securities or other supervisory firms may have failed in their duties
- Exploring insurance and regulatory restitution options
Take the important first step—call 1-888-885-7162 for a free, no-obligation consultation with our experienced team.
Why Trust Our Firm?
- Insider knowledge as former Wall Street defense attorneys—we level the playing field for investors
- 98% success rate over hundreds of investor claims
- 95+ years of combined securities law experience
- $520+ million in securities matters handled
- Martindale-Hubbell AV Preeminent designation (Top 2% peer-reviewed attorneys)
- Super Lawyers designation and 5.0-star client reviews
- No recovery, no fee—your interests
Disclaimer: The information contained in any post on this website is derived from publicly available sources and is not guaranteed as to accuracy and often involves allegations which may or may not be proven at some point in the future. All posts are believed to be accurate as of the time of original posting, but the accuracy and details are subject to and expected to change over time and which may contain opinions of the author at the time posted.
