Dawson James Securities Sanctioned by FINRA

Dawson James Securities Sanctioned by FINRA 150 150 Rex Securities Law

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 


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