Broker Dawn Bennett Has Suspension Lifted by FINRA

Broker Dawn Bennett Has Suspension Lifted by FINRA on silverlaw.com

Though she is not currently licensed, she was last employed as a broker with Western International Securities in Washington, DC

In August of 2016, Dawn Bennett was contacted by the Financial Industry Regulatory Authority (FINRA) with a request for information regarding an “investigation involving potentially serious violations.” Because Bennett didn’t respond, the agency suspended her. Although the suspension was lifted a short time later, the investigation continues.

Most recently, Bennett worked for Western International Securities in Washington, DC from October 2009 to December 2015. Prior to that Bennett has worked for a number of firms, including Royal Alliance Associates in Washington, DC, Legg Mason Wood Walker in Baltimore, and Citigroup Global Markets in New York City.

Complaints against Bennett also include fraud and making misstatements in order to cover up fraud. FINRA also reports that Bennett and Western International Securities significantly overstated the value of their managed assets by at least $1.5 billion. These claims were reported to have been made to a financial advisor ranking service and told to existing and prospective clients. According to FINRA, this was a “calculated effort to inflate their profile and prestige.”

For more a more detailed account of Bennett’s history, you can read her BrokerCheck report, a complimentary service provided by FINRA.

The allegations against Bennett are serious, and if you were affected, you may be able to recover lost money through securities arbitration.

To learn about your options, contact the Silver Law Group. Our attorneys are experts in the field of securities arbitration and financial fraud, and Scott Silver is the current chair of the American Trial Lawyers Association Securities and Financial Fraud Group. You will be put in touch with an experienced securities arbitration attorney who will be able to give you some guidance.

The Silver Law Group is a contingency-based firm. This means that we don’t get paid unless you do. You can call us at 954.755.4799 or reach out through our online form.