June 2017- Ronkonkoma, NY
The FINRA records of Craig D. Dima , a former stock broker who was last employed by K. C. Ward Financial disclose 3 prior regulatory events, 5 prior customer disputes, 2 terminations from employment and a currently outstanding judgement/lien.
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 May 2016, Dima disclosed that he had received notice from FINRA that he is the subject of investigation #20150464407. In 3/2017 Dima was permanently barred from the securities industry to resolve allegations that he made 41 unauthorized sales of company stock in the account of a senior customer of K.C. Ward Financial. To conceal the unauthorized trading FINRA found that Dima made fraudulent misrepresentations to the customer including telling him that the sales were the result of a computer error. As a result of Dima’s unsuitable recommendations, FINRA found that the customer paid transaction costs of about $376,000, was deprived of $127,000 in dividend payments and had trading losses of $72,000.
In FINRA Case#14-02955 , a customer of K.C. Ward Financial alleged damages of $100,000 for account losses from 2012-May 2014. The customer claims Dima pursued investment strategies that were not in line with the customer’s needs. That case settled for $30,000.
Dima discloses a currently outstanding lien in favor of the Internal Revenue Service in the amount of $57,264.
Dima was employed by K.C. Ward Financial from 9/2009-2/2017. Prior to that he was employed by American Capital Partners from 11/2008-10/2009.
If you have losses in an account handled by Craig D. Dima, 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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