Update on Investigation: FINRA reportedly bars James Dunn after 22 Customer Complaints
According to public records, the Financial Industry Regulatory Authority (FINRA) reportedly barred financial advisor James William Dunn Jr. (CRD # 6084258) from the securities industry after he allegedly failed to provide information in its investigation. FINRA’s investigation reportedly stemmed from a Uniform Termination Notice for Securities Industry Registration (Form U5) filed by Dunn’s member firm, Ameriprise Financial, reportedly disclosing that he had voluntarily resigned while under review for “potential violation of company policy related to suitability, unauthorized trades and texting with clients.”
Dunn reportedly has 22 customer complaints filed against him from 2021-2022, according to his FINRA BrokerCheck Report. Most recently, in March 2022, an investor alleged that Dunn “overconcentrated their accounts in Chinese educational stocks without their knowledge, consent or permission.” The suit reportedly settled for $200,000. Several of the customer complaints allege that Dunn purchased securities in their accounts without authorization.
To learn more about the investigation, please see: James Dunn Jr., Former Ameriprise Broker, has 19 Customer Complaints
According to his FINRA Broker report, Dunn was reportedly affiliated with the following firms during his career in the securities industry.
05/31/2019 – 11/18/2021, AMERIPRISE FINANCIAL SERVICES, LLC (CRD#:6363), Vienna, VA,
09/11/2015 – 05/20/2019, WELLS FARGO CLEARING SERVICES, LLC (CRD#:19616), ARLINGTON, VA
08/14/2012 – 09/22/2015, MORGAN STANLEY (CRD#:149777), MCLEAN, VA
Filing a Complaint against your Brokerage Firm
The White Law Group is investigating potential securities claims involving financial advisor James Dunn and the liability his employers may have for failure to properly supervise him.
When brokers abuse client accounts or conduct transactions that violate securities laws, such as making unauthorized trades or making unsuitable investments, the brokerage firm they are working with may be liable for investment losses. 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 brokerage firms can be held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.
If you are concerned about investment losses with James Dunn, the securities attorneys of The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 888-637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Seattle, Washington.
For more information on The White Law Group, visit www.WhiteSecuritiesLaw.com.
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