David John Funes, Former Realized Financial Broker, Barred by FINRA
The White Law Group is investigating securities claims involving former financial advisor David John Funes (CRD#: 5467419).
According to the Financial Industry Regulatory Authority (FINRA), former broker David J. Funes has been barred from the securities industry. On December 4, 2023, FINRA issued a permanent bar after Funes failed to respond to multiple requests for information under FINRA Rule 9552.
Broker Background: David John Funes
- CRD#: 5467419
- Previously Registered As: Broker & Investment Adviser
- Barred by FINRA: December 4, 2023
- Years of Experience: 11
- Prior Firms:
- Realized Financial, Inc. (2019 – 2023)
- WealthForge Securities, LLC (2018 – 2019)
- Fidelity Brokerage Services LLC (2008 – 2014)
FINRA Disclosures: Regulatory Actions, Criminal Charges & Complaints
- Regulatory Action (2023): FINRA permanently barred Funes after he failed to respond to requests for information related to his conduct.
- Employment Termination (2023): Funes was discharged from Realized Financial, Inc. on January 24, 2023, following allegations of an undisclosed criminal event.
- Criminal Charges (2019): Funes was charged by the U.S. District Court, Middle District of Florida with:
- Receipt of a kickback in connection with a federal healthcare benefit program – pled guilty.
- Conspiracy to commit healthcare fraud – pled guilty.
- Illegal monetary transaction – pled guilty.
- Customer Complaint (2012): A client alleged misrepresentation of a CD’s rate of return, seeking $20,000 in damages. The dispute was denied.
Investor Concerns Involving Realized Financial and Inspired Healthcare Capital
The White Law Group has filed a FINRA arbitration claim against Realized Financial, naming David John Funes as the broker of record, regarding an allegedly unsuitable investment in Inspired Senior Living Hamilton DST, a program sponsored by Inspired Healthcare Capital.
Investors in Inspired Healthcare Capital may face additional losses after the sponsor halted distributions in July 2025.
Recovering Investment Losses with The White Law Group
If you suffered losses investing with David John Funes, Realized Financial, or in products sponsored by Inspired Healthcare Capital, you may be entitled to recover your losses through a FINRA arbitration claim.
About The White Law Group
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois, and Seattle, Washington. The firm has recovered millions of dollars for investors in claims involving unsuitable investment recommendations, broker misconduct, and failure to supervise.
For a free consultation with a securities fraud attorney, please call The White Law Group at (888) 637-5510 or visit www.whitesecuritieslaw.com.
Frequently Asked Questions
Is David John Funes still a registered financial advisor?
No. According to FINRA, David John Funes (CRD#: 5467419) was permanently barred from the securities industry in December 2023. He is no longer registered as a broker or an investment adviser.
Why was David J. Funes barred by FINRA?
Funes was barred after failing to respond to FINRA requests for information regarding his conduct. He was also terminated by Realized Financial in 2023 due to an undisclosed criminal event. His record shows criminal charges, regulatory actions, and customer complaints.
Can investors recover losses from investments recommended by David John Funes?
Yes, investors may be able to recover losses through a FINRA arbitration claim against the broker-dealer that employed him, such as Realized Financial. The White Law Group is investigating claims related to Inspired Healthcare Capital and other high-risk alternative investments recommended by Funes.
Last modified: August 20, 2025
