Dennis Ayre (Dennis Phillip Ayre. CRD# 536174) is a registered broker in Beverly Hills, California. Dennis Ayre has 4 disclosures on his publicly-available FINRA BrokerCheck report, all customer disputes, with most alleging suitability issues.
Ayre is currently registered with Hilltop Securities Inc. (CRD# 6220). He was previously registered with Oppenheimer & Co. Inc. (CRD# 249), Merrill Lynch, Pierce, Fenner & Smith Inc. (CRD# 7691), Wells Fargo Advisors (CRD# 19616), and First Republic Securities Company, LLC (CRD# 105108). He has been in the industry since 2008.
Dennis Ayre Disclosures
April, 2020: A customer dispute alleged “Excessive risk relative to client stated objective”. $52,058 in damages were requested and the settlement amount was $20,823.06.
March, 2020: A customer dispute alleged “Investment service suitability, excessive concentration and risk”. $6,115,287 in damages are requested. The dispute is pending as of this writing.
March, 2020: A customer dispute alleged “Investment service suitability; excessive risk and strategy deviation”. $1,472,671 in damages are requested. The dispute is pending as of this writing.
March, 2020: A customer dispute alleged “That Mr. Ayre while acknowledging evasion of compliance, sent an email through a private email domain that personally issued a put option to the client to guarantee a return on a portfolio position.” $814,356 in damages are requested. The dispute is pending as of this writing.
Clients Allege Issues With Suitability
All of the disputes against Dennis Ayre were filed in 2020, and 3 of the 4 disputes allege issues with suitability. FINRA rules and standards require brokerage firms and investment advisors to know their customer’s investment profile and have a “reasonable” basis to recommend that an investment or transaction is suitable for them.
Of course, brokers and financial advisors do not always act reasonably and there are many cases of investors being sold investments that are unsuitable for their needs. Suitability is a leading type of controversy in FINRA arbitration claims.
Did You Invest Dennis Ayre Of Hilltop Securities Inc.?
Silver Law Group is a nationally-recognized law firm with attorneys experienced in recovering losses for investors in cases of stockbroker misconduct and securities and investment fraud, including unsuitability.
If you have losses related to unsuitable investments or other causes, contact Silver Law Group or call at (800)-975-4345 for a no-cost consultation. We take most cases on a contingent fee basis, which means that nothing is owed unless money is recovered for you.