What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: November 11, 2016

Stoltmann Law Offices continues to investigate Dawn Bennett. According to a recent Disciplinary Proceeding against her, Bennett failed to provide information and documentation requested by the Financial Industry Regulatory Authority (FINRA) in an investigation involving potentially serious violations, such as conversion, fraud and private securities transactions. On July 11, 2016, Bennett was barred from the securities industry for violating federal securities rules by, among other things, making material misrepresentations and omissions regarding her assets under management. She was also ordered to cease and desist from any further violations of federal securities rules and ordered to pay disgorgement of $556,102 and ordered to pay a civil penalty of $600,000.

According to a FINRA investigation, in 2015, Bennett allegedly solicited and sold approximately $6 million in DJB11 convertible notes, and/or promissory notes purportedly guaranteed by her company, to 30 investors, most of whom were elderly. Bennett may have misappropriated investors’ money, committed fraud, and engaged in undisclosed outside business activities and private securities transactions. These are all against securities rules and regulations.

According to her FINRA BrokerCheck report, Bennett was registered with Wheat, First Securities in Charlotte, North Carolina from March 1987 until August 1996, Legg Mason Wood Walker in Baltimore, Maryland from August 1996 until February 2006, Citigroup Global Markets in New York, New York from February 2006 until February 2006, Royal Alliance Associates in Washington, D.C. from February 2006 until October 2009 and Western International Securities in Washington, D.C. from October 2009 until December 2015. She has 12 customer disputes against her, seven of which are currently pending. She is not currently licensed within the industry.

If you lost money with Dawn Bennett, you may be able to recover your investment losses by calling our securities attorneys in Chicago, Illinois. We may be able to help you bring a claim against her former firm in the FINRA arbitration forum on a contingency fee basis. The call to us is free with no obligation, so, please call today. 312-332-4200. Attorneys are standing by.

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If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

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