Investor Alleges Hugh Dunn Conducted Unsuitable Trading

Hugh Dunn (CRD #: 2219252), a broker registered with The Rockwell Financial Group, allegedly executed unsuitable trades, according to his BrokerCheck record, accessed on June 29, 2022. If you have questions about Hugh Dunn’s conduct as a broker, read on.

Investor Dispute

On February 8, 2022, an investor alleged that Hugh Dunn executed inappropriate trades in a speculative, aggressive short-term growth portfolio from 2010-2021. The client seeks $325,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must examine investors’ profiles, which describe their risk tolerance, financial goals, age, and other relevant information. 

• Trades must be quantitatively suitable, meaning that the total trading activity must be appropriate for an investor’s goals. Excessive trading generates fees that cut into clients’ returns.
• Overconcentration of securities in a certain stock or sector is a common investment strategy that is unsuitable for most investors.

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

Background Information

Hugh Dunn has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 53 – Municipal Securities Principal Examination
• Series 24 – General Securities Principal Examination

Hugh Dunn is a registered broker in 26 states and the District of Columbia.

He has also worked for the following firms:

• AC Financial (CRD#:21616)
• May, Davis Group (CRD#:35622)
• I. A. Rabinowitz & Company (CRD#:5155)
• Buttonwood Securities (CRD#:18420)
• Rickel & Associates (CRD#:7839)
• Norfolk Securities (CRD#:32352)
• Greenway Capital (CRD#:25152)
• A.S. Goldmen & Company (CRD#:23180)

Kurta Law Can Help

If you worked with Hugh Dunn 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.