Dwayne Stallings Allegedly Failed to Fully Inform Client About Annuity Costs

Dwayne Stallings (CRD #: 4432889), a broker registered with Raymond James Financial Services, allegedly recommended an unsuitable investment, according to his BrokerCheck record, accessed on May 27, 2025. Investors may have also engaged his services through Raymond James Financial Advisors. Read on if you have questions about his alleged conduct as a broker.[vary this]

Investor Dispute

On August 15, 2016, an investor alleged that Dwayne Stallings failed to fully inform her of the costs associated with an annuity. The client further alleged that this product was unsuitable. This dispute was denied by the firm.

However, investors can still pursue FINRA arbitration and potentially recover their losses even if a firm denies their dispute.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent tactics to influence investors’ decisions. This includes the misrepresentation or omission of information, such as an investment’s fees, risks, requirements, or potential returns.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. These profiles describe an investor’s tax status, risk tolerance, age, and financial goals.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

Background Information

Dwayne Stallings has passed the following exams:

• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Investment Company Products/Variable Contracts Representative Examination – Series 6
• Uniform Combined State Law Examination – Series 66

Dwayne Stallings is a registered broker in 20 states and a registered investment adviser in Connecticut and Texas.

He has also worked for Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691) and MML Investors Services (CRD#:10409).

Kurta Law Can Help

If you worked with Dwayne Stallings 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 that 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.