Soreide Law Group is investigating possible investor claims about investment losses attributable to the securities business of broker Dean Mings [CRD#: 1197212, Springfield, Ohio]. Supposedly, the broker, who worked for Tavenner Company between 2002 and 2018, reports that the company disaffiliated with him for an outside business activity. Also, two clients who invested through Dings allegedly suffered losses and filed disputes about him. Notably, these Tavenner clients indicate that Mings’ investment advice was not suitable and that his recommendations caused them to experience losses. For more details in reference to the allegations against Mings, see below.
Mings Allegedly Sells Unreasonable, Unsuitable Annuities To Tavenner Client
Evidently, a client of Tavenner Company contested Dean Mings’ actions by filing FINRA Arbitration #: 19-02807 on September 24, 2019. Allegedly, Mings failed to consider the client’s investment profile when making investment recommendations about annuities and life insurance. Also, the client indicated that he forged the client’s signatures on paperwork to make annuity purchases. Moreover, Mings was allegedly selling away from Tavenner . It seems that equities trades, fixed and variable annuities transactions, and life insurance purchases were inappropriate and unsuitable. Because of this, the client demanded compensation from Tavenner or Mings in the amount of $600,000 in this ongoing matter.
Tavenner Terminates Dean Mings
Apparently, Tavenner Company ended the employment relationship with Mings on August 2, 2018. Notably, Tavenner asserted that Mings failed to comply with the securities firm’s policies and procedures, failing to report his outside business activities as required. Not only that, but it appears that the securities firm took issue with Mings being a power of attorney for a client without disclosing this.
Dean Mings Allegedly Fails To Disclose Fees To Tavenner Client
Evidently, in 2005, a Tavenner Company client brought a formal dispute in reference to Dean Mings. Supposedly, the client contended that Mings did not disclose the Basis Point Fund Managers Fee. It appears that Mings left out information about fees and had even failed to provide a prospectus to this client. For this reason, the client requested compensation from Tavenner or Mings, but the client’s matter closed without further action.
Losses From Tavenner Securities Broker Dean Mings?
Have you experienced losses by investing with Dean Mings? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning 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 incurred losses due to misconduct of securities firms and brokers like Mings.