Hugh M. Dyson, Jr. Suspended and Ordered To Pay $740,000 In Restitution

Long-time investment broker permanently suspended from any FINRA activity and ordered to pay restitution.

Hugh Monroe Dyson, Jr. was issued a final suspension in August, 2015 and ordered to pay $740,000 (plus interest) in restitution to clients that he solicited to invest in his business, Keypoint Oil, and misrepresented how he used their investments.

FINRA found that over a period of nearly 20 years between 1992-2011, Mr. Dyson solicited more than $740,000 in funds from clients of Ameriprise Financial Services in Raleigh, NC and other former securities customers.  He claimed that these investments would be used for oil and gas extraction.

Based on the FINRA complaint, Mr. Dyson did not use these investment funds as he claimed he would. He paid quarterly earnings from the $740,000 pool of funds (or from his personal funds), used portions of these funds for his own personal expenses without disclosing this to his clients, and created false tax documents that he provided to his clients. As a result, Mr. Dyson has been permanently suspended from any/all FINRA activity, censured and ordered to pay these clients $740,000 plus interest in restitution.

Mr. Dyson has worked in the investment industry for nearly 40 years. He was most recently registered with Ameriprise Financial Services Inc. in Raleigh, NC from 2009-2012. He was previously registered with Ameriprise Advisor Services Inc., also in Raleigh, NC, from 1993-2009 and Lehman Brothers, Inc. in New York between 1990-1992. Mr. Dyson was sanctioned by the NYSE in 1994 for allegedly trading without customer authorization.

Hugh M. Dyson Jr. is just one example of an investment broker that took advantage of many of his clients through the years, which cost them thousands of dollars of their hard earned money, without any regard for their investment goals and financial well-being. If you think that your investments may have been misused by Mr. Dyson or another investment broker, you are entitled to seek recovery for your losses.  We currently represent many victims of oil and gas frauds or whose accounts were overconcentrated in these investments.

Silver Law Group has been working on behalf of clients who have been victimized by investment brokers like Hugh Dyson for more than two decades. As a national securities arbitration and investment fraud law firm, our focus is on recovering funds and returning a sense of fairness and justice to our clients. Our expert legal team has recovered millions of dollars for our clients who have been victims of investment fraud, Ponzi schemes, and other investor misconduct.

Silver Law Group operates on a contingency fee basis, meaning that our firm does not receive payment for our work unless we recover lost funds for our clients.  If you think that you have been the victim of investor misconduct of any kind, call our team at 1-800-975-3435 for legal support.