New York, New York – December 15, 2025 – Former financial advisor David Kitchen Franklin (CRD# 5236215) is no longer registered with FINRA following a permanent bar imposed in October 2025. According to FINRA BrokerCheck records, Franklin was barred from the securities industry after refusing to provide documents and information requested by FINRA during an investigation. Additionally, Franklin faces pending federal criminal charges filed in May 2025 alleging conspiracy to commit health care fraud, conspiracy to commit money laundering, and illegal health care kickbacks. Franklin was last registered with Integral Wealth Securities LLC in New York and his firm terminated his registration because he was under criminal indictment. Investors who worked with Franklin should review their accounts carefully and may be entitled to pursue recovery through FINRA arbitration.
BrokerCheck Snapshot
Name: David Kitchen Franklin
CRD #: 5236215
Firm: Integral Wealth Securities LLC (terminated)
Location: New York, New York
Years in Industry: 19
Number of Disclosures: 2 (1 final regulatory event, 1 pending criminal matter)
Current Status: Permanently barred from securities industry
FINRA Permanent Bar Against David Franklin
On October 21, 2025, FINRA permanently barred David Franklin from the securities industry for refusing to cooperate with a regulatory investigation. According to FINRA case number 2025086279401, Franklin refused to provide documents and information requested by FINRA in connection with its investigation into a tip made to FINRA and the circumstances giving rise to the Form U5 filing by his member firm, Integral Wealth Securities LLC.
The findings stated that Franklin’s firm had terminated his registrations through the firm because he was under criminal indictment. Franklin consented to the sanction without admitting or denying the findings through an Acceptance, Waiver & Consent (AWC) agreement.
Regulatory Action Initiated By: FINRA
Date Initiated: October 21, 2025
Resolution Date: October 21, 2025
Sanction: Permanent Bar (indefinite duration)
Status: Final
This permanent bar means Franklin is prohibited from working in any capacity in the securities industry. The failure to cooperate with FINRA’s investigation is a serious violation that resulted in the most severe sanction available to the regulator.
Federal Criminal Charges Against David Franklin
David Franklin faces pending federal criminal charges filed on May 6, 2025, in the United States District Court for the District of Oregon, Portland Division (Case No. 3:25-cr-00126-AN). The indictment includes five felony counts:
Count 1: Conspiracy to Commit Health Care Fraud (18 U.S.C.)
Status: Pending
Count 2: Conspiracy to Commit Money Laundering (18 U.S.C.)
Status: Pending
Counts 3-5: Illegal Health Care Kickbacks (3 counts)
Status: Pending
All charges remain pending as of December 2025, and Franklin has not yet entered a plea. These are allegations that have not been proven in court. The charges relate to alleged health care fraud schemes and do not directly involve securities fraud, but they led to Franklin’s termination from his brokerage firm and subsequent regulatory issues.
Pattern of Regulatory Non-Compliance
While the criminal charges against Franklin involve health care-related offenses rather than securities violations, his refusal to cooperate with FINRA’s investigation demonstrates a serious failure to meet industry regulatory obligations. All registered representatives have a duty to cooperate with regulatory inquiries. When a broker refuses to provide information during an investigation, it raises significant concerns about transparency and accountability. Investors should be aware that brokers who fail to cooperate with regulators may be concealing information relevant to their conduct and suitability to work in the securities industry.
Can Investors Recover Losses?
Investors who experienced losses while working with David Franklin may be entitled to recover losses through FINRA arbitration. Patil Law, P.C. has over 15 years of experience representing investors in FINRA arbitration and securities litigation, with more than $25 million recovered for clients across 1,000+ cases. We provide a free, confidential consultation to review your potential claim. Our firm works on a contingency fee basis, meaning you pay no attorney fees unless we successfully recover money for you.
If you invested with David Franklin while he was registered with Integral Wealth Securities LLC or any other firm and experienced losses, you may have grounds for a claim. Potential claims could include unsuitable investment recommendations, unauthorized trading, misrepresentation, or failure to supervise.
About FINRA Arbitration
FINRA arbitration is a streamlined dispute resolution process for securities-related claims. It offers a faster, more cost-effective alternative to traditional court litigation. Most cases are resolved within 12-16 months. Claims generally must be filed within six years of the incident. The arbitration process is designed to provide investors with an accessible forum to resolve disputes with brokers and brokerage firms, even when the broker is no longer registered in the industry.
Related Brokers and Firms
Investors who experienced losses with David Franklin or other representatives at Integral Wealth Securities LLC should review their account statements and investment recommendations carefully. Our firm handles cases involving various types of broker misconduct, including:
- Unsuitable Investment Recommendations
- Investment Fraud
- Failure to Supervise
- Unauthorized Trading
- Misrepresentation and Omissions
Frequently Asked Questions
What is the complaint against David Franklin?
David Franklin was permanently barred from the securities industry by FINRA in October 2025 for refusing to provide documents and information requested during a regulatory investigation. Additionally, Franklin faces pending federal criminal charges filed in May 2025 alleging conspiracy to commit health care fraud, conspiracy to commit money laundering, and illegal health care kickbacks. These are serious allegations involving five felony counts in federal court. His former firm, Integral Wealth Securities LLC, terminated his registration because he was under criminal indictment.
Can investors recover losses involving Integral Wealth Securities LLC?
Yes, investors who suffered losses due to misconduct by David Franklin or other brokers at Integral Wealth Securities LLC may be entitled to recover their losses through FINRA arbitration. Investors have rights under federal securities laws and FINRA rules, and may pursue claims for unsuitable investments, unauthorized trading, misrepresentation, failure to supervise, and other forms of broker misconduct. Even though Franklin is no longer registered, investors can still file arbitration claims against him and the firms where he worked.
What is FINRA arbitration?
FINRA arbitration is a forum for resolving disputes between investors and brokers or brokerage firms. It is typically faster and less expensive than traditional court litigation. An arbitration panel reviews evidence, hears testimony, and makes a binding decision. Most securities disputes are resolved through this process rather than in court. The arbitration process generally takes 12-16 months from filing to resolution.
What does it mean when a broker is “barred” by FINRA?
When a broker is barred by FINRA, they are permanently prohibited from working in any capacity in the securities industry. This is the most severe sanction FINRA can impose. A barred broker cannot work as a registered representative, investment adviser representative, or in any role at a FINRA member firm. Franklin’s bar was imposed because he refused to cooperate with FINRA’s investigation, which is considered a serious violation of industry rules requiring transparency and accountability.
How do I look up a broker on BrokerCheck?
To look up a broker on FINRA BrokerCheck, visit www.brokercheck.finra.org and enter the broker’s name or CRD number. The report will show the broker’s employment history, professional qualifications, and any disclosure events, including customer complaints, regulatory actions, and criminal matters. BrokerCheck is a free public resource provided by FINRA to help investors research brokers and brokerage firms. David Franklin’s CRD number is 5236215.
What should I do if I suspect broker misconduct?
If you suspect broker misconduct, first gather and review all account statements, trade confirmations, and communications with your broker. Document any concerns, including unsuitable recommendations, unauthorized trades, excessive fees, or misrepresentations. Consider consulting with a securities attorney who can evaluate your potential claim. Do not delay, as securities claims are subject to time limitations, typically six years from the date of the transaction or discovery of the misconduct. Even if your broker is no longer registered or has been barred from the industry, you may still have valid claims.
About Patil Law, P.C.
Patil Law, P.C. is a securities litigation firm dedicated to representing investors who have suffered losses due to broker misconduct, unsuitable recommendations, and securities fraud. Founded in 2018 by attorney Chetan Patil, the firm focuses exclusively on FINRA arbitration and investment loss recovery.
With over 15 years of combined experience in securities law, Patil Law has successfully recovered more than $25 million for clients across 1,000+ cases. Attorney Chetan Patil earned his law degree from Case Western Reserve University School of Law. Attorneys Gabriela Dubrocq and Patricia Herrera earned their law degrees from University of Miami. The firm handles cases nationwide involving unauthorized trading, churning, unsuitable investments, breach of fiduciary duty, and failure to supervise.
Patil Law works on a contingency fee basis, meaning clients pay no attorney fees unless the firm successfully recovers money on their behalf. All consultations are free and confidential.
Contact Patil Law for a Free Consultation
If you invested with David Franklin and experienced losses, contact Patil Law, P.C. for a free, confidential consultation. We will review your investment history, account statements, and potential claims at no cost to you. Our experienced securities attorneys can help you understand your rights and options for recovering your losses.
Call: 800-950-6553
Email: info@patillaw.com
No obligation. No attorney fees unless we recover money for you.
The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending or unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.
