Recently, Dawson James Securities in Boca Raton, Florida, was censured and fined $75,000 for alleged supervisory failures relating to research and private offerings and the supervisory failures led to rule violations in both areas. The Financial Industry Regulatory Authority (FINRA) stated that the firm did not adopt or implement written supervisory procedures designed to ensure that research analysts did not participate in efforts to solicit investment banking business. Their Written Supervisory Procedures (WSPs) were not reasonably designed to ensure compliance with the disclosure requirements of the research rules. These are all against securities rules and regulations. If you have experienced losses due to the actions or recommendations of Dawson James Securities or any of its brokers, please contact our securities attorneys at 312-332-4200 today to find out how you may be able to recover those losses on a contingency fee basis. The call to us is free with no obligation.
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