Edward Davig (CRD#: 841294) is an active FINRA broker. Since 2008, Mr. Davig has been employed at Packerland Brokerage Services in Holmen, Wisconsin. Prior to this, this broker was associated with Triad Advisors.
Earlier this year, a customer filed a complaint against Mr. Davig alleging illegitimate losses related to risky oil and gas securities. In this article, our investment fraud attorneys review the allegations that were raised against this broker. All information included comes directly from FINRA’s publicly available BrokerCheck report for Edward Davig.
Broker Investigation: Edward Davig
In April of 2018, an investor filed a complaint alleging that Packerland Brokerage Services financial advisor Edward Davig solicited him and encouraged him to put his money into an unsuitable, illiquid oil and gas Master Limited Partnership. As crude oil prices have declined sharply over the past several years, many energy sector investments have sustained major losses, including the one at issue in this case. The customer is seeking $500,000 in compensation.
As of early October of 2018, this investor complaint is still listed as pending. FINRA notes that the arbitration case evolved into a civil matter. There has been no finding of wrongdoing against Mr. Davig or Packerland Brokerage Services.
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