Dawson James Securities: 2 Customer Complaints, 9 Regulatory Sanctions
Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on June 20, 2019 indicate that Florida-based brokerage firm Dawson James Securities has received customer complaints and regulatory sanctions in connection to alleged rule violations. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Dawson James Securities (CRD# 130645).
Formed in Florida in 2002, Dawson James Securities is headquartered in Boca Raton, Florida and registered with 53 US states and territories. Organized as a corporation, its fiscal year ends in December. According to the firm’s BrokerCheck report, Dawson James Securities has received nine regulatory sanctions and two customer complaints.
In 2017 FINRA sanctioned Dawson James Securities in connection to allegations of supervisory failures related to its research activity that resulted in the firm’s dissemination of “multiple reports that did not include sufficient disclosures” concerning its ownership of “subject company securities,” among other information. In connection with these findings, the firm was censured and issued a fine of $75,000.
In 2017 a customer alleged Dawson James Securities made misrepresentations of material facts, omitted material facts, committed fraud, breached its fiduciary duty, breached contract, failed in its supervisory duties, and acted negligently in connection to investments in common stock and warrants/rights. The complaint resulted in an award to the customer of $3,600
In 2014 FINRA sanctioned the firm in connection to allegations of supervisory failings that would have prevented it from failing to adequately determine whether a former registered representative’s disclosed outside business activity “was properly characterized as an outside business activity” as opposed to an outside securities activity. FINRA’s findings state additionally that the firm did not detect red flags concerning the individual’s outside business activity, and did not detect “material changes” to that individual’s disclosure of the activity. In connection with these findings, the firm was censured and issued a fine of $30,000.
In 2011 the New York State Insurance Department sanctioned the firm in connection to allegations it failed to fully provide information on its initial application. In connection with these findings, the firm was issued a fine of $1,500.
In 2010 a customer alleged the firm breached its fiduciary duty, misrepresented material facts, omitted material facts, and acted negligently in connection to investments in corporate bonds. The complaint resulted in an award to the customer of $11,300.
In 2008 FINRA sanctioned the firm in connection to allegations it “was associated in a business activity” with an individual who had been statutorily disqualified, and that the firm did not report such association to FINRA. In connection with these findings, the firm was censured and issued a fine of $7,500.
If you or someone you know has lost money investing with Dawson James Securities, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim matt be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.