The Financial Industry Regulatory Authority (FINRA) reports important information regarding securities broker James William Dunn Jr. [CRD#: 6084258, Vienna, VA]. Dunn worked for (1) Ameriprise Financial Services LLC from 2019-2021; (2) Wells Fargo Clearing Services LLC from 2015-2019; and (3) Morgan Stanley from 2012-2015.
Evidently, FINRA barred Dunn as a securities broker. Also, one or more Ameriprise Financial Services investors disputed the sales practices of the securities broker. However, Dunn denies the allegations of sales practice violations. Read on to learn more about the allegations against Dunn.
Specifically, FINRA says that Dunn voluntarily resigned from his former employer, Ameriprise Financial Services LLC, in October 2021 while he was under review for a possible violation of company policy concerning unauthorized trades, texting with clients, and unsuitability. FINRA began an investigation into the allegations upon learning of Dunn’s resignation. Evidently, FINRA sent a request to Dunn on April 25, 2022, seeking the production of documents and information. Through his counsel, Dunn indicated on July 11, 2022, that he had received FINRA's request but would not produce the requested documents and information. As a result, Dunn violated FINR Rules 2010 and 8210.
Also, an Ameriprise Financial Services client filed FINRA Arbitration #: 22-00662 about James Dunn. Specifically, the client alleged that Dunn had made unauthorized transactions. Because of this, the client purportedly sustained damages pertaining to investments in real estate securities. Therefore, on June 6, 2022, Ameriprise Financial Services settled this matter by paying the client $200,000.
Evidently, an Ameriprise Financial Services client filed an investment-related complaint about James Dunn. Specifically, the client alleged that Dunn had made unauthorized transactions. For this reason, the client claims that they experienced damages relating to investments in over-the-counter equities. Therefore, on March 14, 2022, Ameriprise Financial Services settled this matter by paying the client $61,770.63.
Also, on March 3, 2022, an Ameriprise Financial Services client filed an investment-related complaint about James Dunn. Specifically, the client alleged that Dunn executed unauthorized transactions. Because of this, the client purportedly sustained damages pertaining to investments in over-the-counter equities. Therefore, the client requested $677,588.86 in compensation from Ameriprise Financial Services or Dunn. Specifically, this complaint is pending a resolution.
Evidently, a client of Ameriprise Financial Services contested James Dunn's sales practices, according to a complaint. Supposedly, Dunn made unauthorized transactions. Allegedly, the over-the-counter equities transactions connected to this securities broker caused the client to sustain damages. Therefore, Ameriprise Financial Services opted to settle the matter on January 26, 2022, by compensating the client in the amount of $164,809.33.
Did you sustain damages through any sales practice violations by James Dunn? If so, reach out to Soreide Law Group at (888) 760-6552 and talk with a securities lawyer about a possible recovery of your investment damages. Notably, Soreide Law Group has successfully recovered money for hundreds of investors in all 50 states. The firm represents clients on a contingency fee basis and advances all costs. Dunn and brokerage firms Dunn associated with deny any and all allegations of sales practice violations.
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