The team of investment fraud attorneys at Stock Market Loss are investigating allegations against broker and investment adviser Dawn Bennett in Charlotte, Baltimore, New York and Washington, D.C.
Bennett was suspended in August 2016 after she allegedly failed to respond to a request for information from the Financial Industry Regulatory Authority. In an additional regulatory action that remains pending, Bennett allegedly has failed to provide information requested as part of an investigation into “potentially serious violations,” including fraud and conversion. In four separate instances, Bennett allegedly failed to appear and give testimony as FINRA requested.
Bennett worked with five firms between 1987 and 2015: Wheat First Securities, Inc., in Charlotte, North Carolina; Legg Mason Wood Walker, Incorporated, in Baltimore, Maryland; Citigroup Global Markets Inc. in New York, New York; Royal Alliance Associates, Inc., in Washington, D.C.,; and Western International Securities, Inc., in Washington, D.C.
Awards and Judgements Against Dawn Bennett
Customers have won several substantial awards and judgments in matters involving Bennett over a number of years. For example, in February 2013, a client won $200,000 in damages after alleging that the broker breached various duties related to unsuitable transactions between 2010 and 2012.
Between 2013 and today, Bennett’s record shows three arbitration awards, two settlements, and at least seven pending claims, all involving unsuitable trading and other sales abuses.
In November 2015, Bennett was permitted to resign from Western International Securities, Inc., following allegations relating to her sale of promissory notes to customers, which sales she failed to disclose to the firm.
Have you been a client of Dawn Bennett? The securities fraud team at Stock Market Loss represents consumers who have lost assets due to stockbroker fraud and misconduct. For most cases, we work on a contingent fee basis, meaning we’re paid only from funds we recover for clients. If there is no recovery, there is no no contingent fee.
Deadlines and other limitations may apply to your case, so do not delay in contacting McCarthy, Lebit, Crystal & Liffman Co., LPA, for assistance.