Tag Archives: Dawson James

Dawson James Securities Sanctioned by FINRA

In March 2014, the Financial Industry Regulatory Authority sanctioned Dawson James Securities, fining them $75,000 and requiring the firm to revise  their Written Supervisory Procedures (WSPs).

In FINRA Case # 2008012546802 , the industry regulator found numerous portions of the written supervisory procedures to be deficient  including the following areas:

  • Broker’s disclosure of potential conflicts of interests to clients
  • Brokers trading in opposite directions of solicited customer transactions
  • Unauthorized trading
  • Suitability
  • Excessive trading
  • Free riding
  • Concentrations of securities in client accounts
  • Wash sales
  • The firm failed to investigate numerous “red flags” relating to the activities of a broker

Dawson James Securities was formed in 2002 and is headquartered in Boca Raton, FL. They also have offices in New York City, Columbia, Maryland, Santa Clara, California, and Manasquan, New Jersey.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Dawson James Securities Fined by FINRA Over Bond Transactions

The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for all securities firms doing business in the United States. FINRA’s chief role is to protect investors by maintaining the fairness of the U.S. capital markets.

All stockbrokers and broker dealers (brokerage firms) are required to be licensed by and subject to the rules and regulations of FINRA. Each month FINRA publishes disciplinary actions against brokers and broker dealers. Discipline can range from monetary fines and suspensions, or in extreme cases, revocation of licensing and a bar from the securities industry.

See the FINRA website for current and historical disciplinary actions as well as the complete FINRA report on Dawson James.

OCTOBER 2013
 
Dawson James Securities, Inc. of Boca Raton, FL, was
 fined$12,500 and censured by FINRA for bond transactions
with customers that were deemed unfair to customers. For
full details visit the FINRA disciplinary action website.
If you have questions about investment losses or the way your brokerage account has been handled, please contact us to discuss your legal rights.
Free initial consultation.

Nationwide representation.

Rex Securities Law

561 391 1900