Carolyn Marie Dammeyer (CRD #4295819) Has Regulatory and Employment Separation Disclosures on FINRA BrokerCheck

Carolyn Marie Dammeyer (CRD #4295819) was previously registered with W&S Brokerage Services, Inc. We reviewed her FINRA BrokerCheck report on March 18, 2026. It reflects one regulatory event and one employment separation after allegations. If you worked with Carolyn Dammeyer and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Action(s)

Carolyn Dammeyer’s FINRA BrokerCheck report reflects one final regulatory action disclosure. A summary of that matter appears below:

On January 13, 2026, FINRA initiated a regulatory action. Carolyn Dammeyer’s FINRA BrokerCheck report states that she failed to respond to FINRA requests for information. FINRA imposed an indefinite suspension that started on February 6, 2026. The regulator statement says the suspension continues until she provides the required information or the matter converts to a bar on April 16, 2026 under FINRA Rule 9552(h).

Employment Separation After Allegations

Carolyn Dammeyer’s FINRA BrokerCheck report also reflects one employment separation after allegations. A summary of that disclosure appears below:

According to Carolyn Dammeyer’s FINRA BrokerCheck report, The Western and Southern Life Insurance Company permitted her to resign on May 9, 2025. The disclosure states she resigned during an investigation tied to the reinstatement of certain insurance policies. The firm later concluded that she violated company policies, including its Sales Practices Policy.

Rule Summary #1: FINRA Rule 9552 (Failure to Provide Information or Keep Information Current)

FINRA Rule 9552 lets FINRA suspend a broker who does not provide required information. The rule also states that a suspension can convert to a bar if the person does not request termination within three months.

Rule Summary #2: FINRA Rule 8210 (Provision of Information and Testimony and Inspection and Copying of Books)

FINRA Rule 8210 gives FINRA authority to demand documents, information, and testimony during an investigation. A disclosure based on non-response can raise concerns about cooperation with regulatory oversight.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on her FINRA BrokerCheck report, Carolyn Dammeyer:

Is not currently registered.

Has passed the Securities Industry Essentials (SIE) exam and Series 6.

Was previously registered with W&S Brokerage Services, Inc.

Kurta Law Can Help

If you worked with Carolyn Dammeyer and have concerns about her activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.