Investors are contesting the sales practices of Dawson James Securities registered representative Danilo Fuentes (CRD#: 2596044, Columbia, Maryland). The broker, who joined Dawson James Securities on May 23, 2007, is the focus of 9 investors’ disputes reported through FINRA BrokerCheck. The investors’ disputes, some of which are summarized below, indicate that Fuentes sold unsuitable investments.

Dawson James Client’s Arbitration Claim Suggests Danilo Fuentes Made Unauthorized Transactions

Most recently, a client of Dawson James Securities brought FINRA Arbitration #: 18-03808 on November 8, 2018. First of all, the client alleged that Danilo Fuentes made unauthorized trades. Supposedly, Fuentes purchased or sold direct investments (DPP & LP interests) and OTC equities without the client’s consent. Secondly, Fuentes allegedly made bad recommendations about those direct investments and OTC equities. Thirdly, Fuentes falsified information about the investments he sold to the client. Finally, the client alleged that Dawson James failed to supervise Fuentes. For this reason, the client demanded $1,377,280.02 in this ongoing matter.

Client Prevails In Arbitration Claim About Fuentes Which Suggests Fuentes Misrepresented Investments

Evidently, a client of Dawson James named Danilo Fuentes in FINRA Arbitration #: 17-01756. Supposedly, Fuentes, or someone under his control, sold unsuitable restricted stocks and warrants to the client. Supposedly, the broker also negligently or even deceptively misrepresented investments. The client then alleged that Fuentes or his subordinate broker breached both a fiduciary duty and an investment agreement. Eventually, FINRA Arbitrators found for the client. The Award issued February 1, 2018 directed that Fuentes compensate the client for the harm caused.

Former Disputes Suggest Danilo Fuentes Made Bad Recommendations

There are 7 additional disputes investors brought alleging Danilo Fuentes’ sales practices violations. Clients made claims including unauthorized trading, breach of contract, breach of fiduciary duty, misrepresentation, failure to follow instructions, and excessive trading. 3 of those disputes settled through payments to clients totaling approximately $150,000. The other claims closed without resolution.

Danilo Fuentes Give You Bad Advice?

Lars Soreide Highest Ethical Standard Award 2018

Lars Soreide Highest Ethical Standard Award 2018

Experienced losses due to securities broker Danilo Fuentes? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have suffered losses due to misconduct of brokers and brokerage firms.