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Churning Allegations Against Broker Paul DiPietro

Paul Robert DiPietro (CRD #4313454) is a registered broker and investment advisor currently employed with Dawson James Securities, Inc. (CRD #130645), of Boca Raton, FL. His previous employers include Investors Capital Corp. (CRD #30613) and Chicago Investment Group, LLC (CRD #11853, expelled by FINRA on 9/14/2010), also of Boca Raton. He has been in the business since 2000.

Churning-Other-Allegations-Made-Against-Broker-Michael-Doyle-300x200DiPietro is the subject of a current customer dispute in which is alleged to have engaged in churning. Filed on 4/30/2018, the client alleges that “his account was churned and placed in unsuitable securities by the representatives at Dawson James and Spartan. January 2015 through September 2015.” The client is requesting damages of $100,000. DiPietro denies wrongdoing in this action. The claim is currently pending.

There are seven previous customer dispute allegations filed against DiPietro, either withdrawn, denied or settled. The two most recent were filed on 12/1/2014, with identical allegations of “rep failed to follow instructions by not executing orders as instructed which caused the customer losses because of the decline of the stock price.”  The first claim requested damages of $126,105.24, and the second one $115,010.81. DiPietro strenuously denied the allegations during the firm’s investigation. The claims were both withdrawn, one on 4/24/2015, the other on 4/25/2015.

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct.  Most cases handled on a contingent fee basis. This means that you won’t any pay legal fees unless we are successful. Call us toll free at 800-975-4345, or use our online contact form to get in touch.

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