Theodore Davis began his securities law career over 20 years ago as Staff Counsel at Prudential Financial, where he analyzed investor complaints, negotiated settlements, and defended the firm in arbitrations nationwide. In 2003, he transitioned to representing investors in arbitrations before the NASD and FINRA.
Theo gained national recognition after securing a landmark arbitration award against a clearing firm, a critical financial entity typically focused on back-office operations. Representing a retired investor in Florida, Theo won a week-long arbitration that resulted in his client being awarded 100% of her losses, interest, attorney’s fees, and punitive damages — three times the actual losses. He then successfully defended the award in federal court after the clearing firm sought to vacate it (Kostoff vs. Fleet Securities, et al., FINRA-DR 04-04259). The case was later highlighted in the clearing firm liability section of David Robbins’ Securities Arbitration Procedure Manual.
Theo also achieved a significant victory for a disabled investor in Connecticut, winning an award that not only recovered all of the investor’s losses but also included a substantial sanction against the brokerage firm for its misconduct (Bram vs. Wunderlich Securities, Capital Securities of America, et al., FINRA-DR 08-00773).
In addition to his work in the U.S., Theo is a licensed Solicitor in England and Wales, successfully representing overseas investors in numerous FINRA cases. He secured a high-value settlement for a retired Norwegian flight attendant (one of Pan Am’s original 747 stewardesses) who had been defrauded of her life savings by a dishonest broker.