Investor Lawsuit Investigation – David Love
The White Law Group is investigating potential securities claims involving former financial advisor David Jerry Love, in light of multiple customer complaints, regulatory actions, and a permanent bar from the securities industry, according to the Financial Industry Regulatory Authority (FINRA).
According to FINRA’s public records (CRD#: 4788074), Love was most recently registered with LaSalle St. Securities, L.L.C. His BrokerCheck report reveals seven disclosures, including a pending $850,000 customer dispute, a permanent FINRA bar, and serious allegations involving cryptocurrency investment fraud.
David Love – Regulatory Actions and Allegations
In June 2025, the Oklahoma Department of Securities reportedly barred Love from registration as a broker or investment adviser. Regulators alleged that between January and May 2024, Love offered and sold unregistered securities to ten investors by pooling their funds into a cryptocurrency wallet. These funds were purportedly traded using “AI-guided software,” allegedly introduced to Love through an online dating platform. Regulators say that he failed to disclose material facts—specifically that funds would be used to repay a prior investor and cover personal expenses.
Other alleged violations included:
- Participating in undisclosed private securities transactions (selling away)
- Engaging in outside business activity without notifying his broker-dealer
- Breaching fiduciary duties to advisory clients
- Violating FINRA rules and firm policies
In January 2025, FINRA also reportedly barred Love from associating with any FINRA member in all capacities, after he failed to respond to multiple requests for information.
David Love Customer Complaints
Love has been the subject of several customer complaints:
- October 2024 – A customer filed a pending dispute seeking $850,000, alleging that Love transferred funds from the client’s LaSalle brokerage account into Love’s personal bank account, then invested in an unknown venture—suspected to be cryptocurrency-related—withno firm involvement.
- May 2009 – A settled complaint alleged forgery of a customer’s signature on documents relating to a non-variable life insurance policy. The case settled for $7,000.
- December 2010 – A customer alleged that Love signed her name on 401(k) rollover paperwork and made unauthorized withdrawals. The complaint was later withdrawn.
- January 2011 – A customer alleged unsuitable annuity replacement advice. The complaint was denied.
Love was also discharged from LaSalle St. Securities in May 2024 for violating supervisory policies.
Risks of Broker Misconduct and Supervision Failures
When brokers misappropriate client funds or sell unregistered securities, the financial consequences can be devastating. Brokerage firms have a duty to supervise their advisors and may be held liable for investor losses resulting from such misconduct.
Recovery Options for Investors
If you invested with David Love and suffered financial losses, you may be able to recover compensation through FINRA arbitration. The White Law Group is reviewing whether the firms that employed Love, including LaSalle St. Securities, failed to supervise his activities.
FINRA Arbitration vs. Class Action – What’s the Difference?
FINRA Arbitration provides a private dispute resolution process specifically for investor complaints involving brokers or investment firms. It typically offers faster, more individualized outcomes compared to class actions, which often involve lengthy delays and limited recoveries.
Free Consultation
The White Law Group has represented hundreds of investors in FINRA arbitration claims across the country. If you are concerned about your investments with David Love and LaSalle St. Securities, call 1-888-637-5510 for a free consultation.
For more information, please visit www.whitesecuritieslaw.com.
Frequently Asked Questions (FAQs) – David Jerry Love
What are the allegations against David Love?
Love is accused of selling unregistered securities, misappropriating client funds, and misleading investors about cryptocurrency investments involving AI software. Regulators say he failed to disclose that funds were used for personal expenses and to repay prior investors.
Can I recover investment losses with David Love?
Possibly. If you invested through Love and suffered losses, you may be able to file a FINRA arbitration claim against the firms responsible for supervising his conduct.
Why was David Love barred by FINRA?
FINRA reportedly barred Love in January 2025 after he failed to respond to regulatory requests. The Oklahoma Department of Securities also permanently barred him from working in the industry due to fraudulent cryptocurrency activities.
Last modified: July 3, 2025
