Written by The White Law Group• April 6, 2017• 5:40 pm• Current Investigations

Lloyd Dotson Barred from Securities Industry

Recovery of investment losses with Lloyd Dotson

Are you concerned about investment losses with Lloyd Dotson of New Canaan, CT? If so, the attorneys at The White Law Group may be able to help you recover your losses by filing a FINRA Arbitration claim against the brokerage firm that employed him.

Lloyd Dotson was permanently barred from the securities industry, according to the Financial Industry Regulatory Authority. FINRA was purportedly investigating Dotson for suspected outside business activities, private securities transactions, and the overall circumstances surrounding Dotson’s apparent termination. On February 6, 2017 FINRA staff sent Dotson a request for testimony which Dotson refused.

According to Dotson’s FINRA BrokerCheck, he was registered with Commonwealth Financial Network in New Canaan, CT from 06/02/2006 – 06/27/2016 when he was discharged for allegedly engaging in multiple outside business activities where he used an alias to promote participation in multi-level marketing programs. Dotson has four disclosure events listed on his Broker Report and is not currently registered.

For FINRA’s full findings see, FINRA case # 2016050323501.

Failure to Supervise

Brokerage firms are required to properly supervise all advisors they employ and to ensure that those advisors are complying with applicable FINRA rules and regulations. If these allegations can be proven and if it can be demonstrated that Lloyd Dotson’s former employer failed to properly supervise him, his employer may be held responsible for the losses in a FINRA arbitration claim.

If you suffered losses investing with Lloyd Dotson and would like a free consultation to discuss your litigation options, please call The White Law Group at 1-888-637-5510.

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 Franklin, Tennessee. For more information on the firm and its representation of investors, please visit https://whitesecuritieslaw.com.