David R. Chase, P.A.
Call Us Now: 800-760-0912
David R. Chase, P.A.
Call Us Now: 800-760-0912



The Law Firm of David Chase is reviewing allegations concerning North Royalton, Ohio-based Key Investment Services broker Abed A. Darwish after a client filed a FINRA complaint alleging unsuitable investments relating to an AXA Equitable variable annuities, and possible elder fraud.

According to FINRA’s BrokerCheck report on Darwish, a customer complaint alleging unsuitability was submitted in November of 2016. The complainant alleged that the purchase of a variable annuity in the amount of $109,971 was unsuitable for the customer.

Darwish is not currently employed by any FINRA registered brokerage firm. He was previously employed by Key Investment Services at its North Royalton, OH location from 2010-2015. Previous to that, he was employed by AXA Advisors, LLC from 2007 to 2010.

Another complaint was lodged against Darwish in of June of 2016 alleging that he used the personal identification of two customers of a bank affiliated with his member firm without their knowledge and consent. Darwish purportedly used the personal information to gain online access to a brokerage account at another FINRA-regulated broker-dealer. It is also alleged that Darwish added his wife to the customer variable annuity as a 50 percent primary beneficiary.

Making unsuitable investment recommendations is a serious form of broker misconduct. A stockbroker’s employing firm is responsible for overseeing him to prevent such misconduct.  Failure to supervise is a claim that may be made against a stock brokerage firm in these situations.

Financial advisors are obligated to recommend suitable investments to their customers. This requires that the broker conduct due diligence and understand the investment’s nature, risk and tax consequences before he makes the recommendation to a customer. Moreover, the investment recommendation must be appropriate for the customer’s investment objectives, risk tolerance, sophistication, age, etc.  When a stockbroker or financial advisor fails to recommend a suitable investment that causes loss to an investor client, there must be legal accountability.

If you have lost money on an investment that was not appropriate for your investment profile, you may be able to recover some or all of your lost money.

If you were a customer of, and invested with, Abed A. Darwish and Key Investment Services and have lost money doing so, you may be able to recover some or all of your losses through FINRA arbitration. David Chase is experienced in recovering investor losses caused by stockbroker fraud, misconduct and mismanagement.

FINRA arbitration is a fast, efficient process to potentially recover your lost investment funds due to unsuitable recommendations by a stockbroker or financial advisor. The Law Firm of David Chase works on a contingency fee basis, meaning you pay the law firm nothing unless it recovers money for you.

The Law Firm of David Chase represents nationwide defrauded investors. If you have questions about your ability to recover your investment losses, please contact David Chase for a free consultation at david@davidchaselaw.com or toll-free at (800) 760-0912.

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