November 10, 2016 Comments (0) Current Investigations, Securities Fraud

Dawn Bennett: Failure to Appear for Testimony

Dawn Bennett
(Last Updated On: April 10, 2017)

Concerned about investment losses with Dawn Bennett?

Investment adviser, Dawn Bennett, who was barred from the securities industry and fined $4 million in July by for repeatedly lying about her firm’s assets and investment expertise, has new allegations filed by FINRA yesterday.

According to a FINRA Department of Enforcement Complaint, from November 2015 to the present, Dawn Bennett has failed to provide information and documentation requested by FINRA Staff in an investigation involving potentially serious violations, such as conversion, fraud, and private securities transactions.

On four separate occasions, Bennett allegedly failed to appear and provide testimony requested as requested. Also, Bennett repeatedly failed to produce documents requested.

For FINRA’s full findings see FINRA Case # 2015047682402.

The White Law Group represents several of Dawn Bennett’s clients and continues to investigate the liability that her FINRA registered employer may have for failure to properly supervise her.

Brokerage firms are required to properly supervise all advisors they employ and to ensure that those advisors are complying with applicable FINRA rules and regulations.  If these allegations can be proven and if it can be demonstrated that Bennett’s former employer failed to properly supervise her, her employer may be held responsible for the losses in a FINRA arbitration claim.

According to her FINRA BrokerCheck, Dawn Bennett was registered with Western International Securities, Inc. from October 2009 through December 2015.

Latest News on Dawn Bennett

The White Law Group continues to investigate the Dawn Bennett case.  In November 2016, FINRA  filed a complaint alleging that Bennett sold $6 million in promissory notes involving her retail clothing business,  DJBennett.com owned by DJB Holdings, LLC.

FINRA ‘s recent complaint alleges Bennett, while associated with Western International Securities, Inc., had a retail clothing business called DJBennett.com owned by DJB Holdings, LLC.  FINRA found that during 2015 Bennett sold approximately $6 million in DJB convertible notes and promissory notes guaranteed by DJBennett.com, to approximately 30 investors. FINRA also uncovered evidence that Bennett may have misappropriated investors’ money, committed fraud, and engaged in undisclosed outside business activities and private securities transactions.

Free Consultation

If you suffered losses investing with Dawn Bennett and would like a free consultation to discuss your litigation options, please call The White Law Group at 1-888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.