Dennis Ayre Investigation
April 2022-Beverly Hills, CA
According to publicly available records Dennis Ayre, a former stockbroker who last worked for Hill Top Securities discloses that he has 9 prior customer complaints and 5 pending customer complaints.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In January of 2022, FINRA permanently barred Ayre from the industry after he refused to appear for on the record testimony requested by FINRA in connection with its investigation into the suitability of certain investment recommendations he made to customers while he was registered with FINRA.
From 12/2019 to 10/2020, seven customer complaints filed against his employers (Integrated Advisors Network, Merrill Lynch and Oppenheimer( were settled to resolve various allegations, including : unsuitable investments, excessive concentration, failure to supervise, breach of fiduciary duty, breach of contract, violations of California Securities Laws, violations of FINRA rules, fraud and excessive risk relative to client’s stated objective. The cases were collectively settled in the amount of $1,184,372.
Ayre’s prior employment includes:
Hilltop Securities 8/2019-7/2020
Merrill Lynch 9/2011-3/2014
If you have losses in an investment account handled by Dennis Ayre, call to learn how you may be able to recover damages through FINRA arbitration.
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.
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