Written by The White Law Group• November 25, 2019• 4:26 pm• Current Investigations

Dennis Nakamura Broker Investigation

Financial Advisor Dennis Nakamura, McNalley Financial Services in Moraga, CA

Are you concerned about investments with Dennis Nakamura in Moraga, CA? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to the Financial Industry Regulatory Authority on November 21, the regulator has reportedly barred financial advisor Dennis Nakamura after he allegedly refused to appear and provide on-the-record testimony in FINRA’s investigation into whether he violated FINRA rules by making unsuitable investment recommendations to customers while associated with a member firm.

According to his FINRA BrokerCheck report, Nakamura was reportedly affiliated with McNalley Financial Services in Moraga, CA from 2010 until 2019. His broker report indicates there have been 5 customer complaints filed against him. Allegations include misrepresentation, suitability, churning, elder abuse and unauthorized trades, among others.

Investigating Potential Lawsuits

The White Law Group is investigating potential lawsuits regarding the liability that Nakamura’s employers may have for failure to properly supervise him.

When brokers violate securities laws, such as making unauthorized transactions or churning, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.

Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states, including California. Our attorneys have recovered millions of dollars from many brokerage firms in the past.