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FINRA Fines Dawson James Securities and Suspends CEO

Bakhtiari & Harrison, a prominent law firm focus on representing parties in securities related disputes advises investors who may have suffered significant financial losses with brokerage firms to take action. Recently, Dawson James Securities, based in Boca Raton, consented to a $500,000 fine from the Financial Industry Regulatory Authority (FINRA) due to its failure to preserve and review over 10,900 business-related text messages. This oversight involved at least 27 individuals, including the firm’s CEO, Robert Dawson Keyser Jr.

From December 2016 to March 2019, Dawson James also faced deficiencies in its supervisory system, failing to adequately oversee its investment banking operations and address conflicts of interest. The firm’s inability to enforce its supervisory procedures led to previous sanctions by FINRA, including a $75,000 fine in 2014 for not investigating red flags related to one of its representatives.

Bakhtiari & Harrison urge current and former customers of Dawson James who have experienced losses exceeding $100,000 to review their accounts and contact the firm for potential recovery options. Investors may be eligible to recover losses due to brokerage misconduct, including failure to supervise and unsuitable investment advice. For assistance, contact Bakhtiari & Harrison.