Victim of Financial Fraud? Call Now
Home » Broker Blog » Dianne Townsend Allegedly Failed to Follow Instructions

Dianne Townsend Allegedly Failed to Follow Instructions

Dianne Townsend (CRD #: 2216130), a broker registered with Raymond James & Associates, was involved in a recent dispute, according to her BrokerCheck record, accessed on May 19, 2022. Investors should know that she has a total of seven investor disputes on her record. 

Alleged Failure to Follow Instructions

In a dispute filed on February 28, 2022, an investor alleged that Dianne Townsend failed to follow their trade instructions. The client sought $50,000 in damages, but the dispute was denied by the firm.

However, investors should know that firms do not need to allow an outside review before issuing a denial. Investors can still seek out FINRA arbitration after a denial and potentially recover their losses.

FINRA Rule 5310

FINRA Rule 5310 requires brokers to follow investors’ instructions when executing trades. It also requires that brokers conduct due diligence when looking for the best market for a trade.

Background Information

Dianne Townsend has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Dianne Townsend is a registered broker in 25 states and a registered investment adviser in Florida and Texas.

She has also worked for the following firms:

  • Vision Investment Services (CRD#:46609)
  • Northern Trust Securities (CRD#:7927)
  • Amsouth Investment Services (CRD#:15692)
  • Mark Twain Brokerage Services (CRD#:16925)

Kurta Law Can Help

If you worked with Dianne Townsend and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

Recent Results

$16.75M

Million

Recovery for ARC NYC REIT Investors
Learn More
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The arbitration settled for substantially more than the investor losses.

Recent Results

$9.3M

Million

Investors Receive Award for More than their Losses
Learn More
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades.

Recent Results

$7.1M

Million

Elderly Victims Recover After a Decade of Fraud
Learn More
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade.

Recent Results

$4.2M

Million

Investor vs. Royal Alliance
Learn More
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.

Recent Results

$1M

Million

Utah Firm Executed Unnecessary Transaction
Learn More
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.

Recent Results

$2M

Million

Arizona Investors Options Trading Scam
Learn More
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.

Categories