FINRA reportedly bars George Dahl after failure to provide testimony
According to the Financial Industry Regulatory Authority in August 2017, George Dahl (CRD #59820, Laguna Woods, California) FINRA issued an AWC in which Dahl was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Dahl allegedly consented to the sanction and to the entry of findings that he refused to provide testimony during a FINRA on-the-record interview.
In March 2016, FINRA reportedly suspended Dahl for 9 months for willfully failing to timely amend his Form U4 to disclose a Chapter 7 Bankruptcy filing and an unsatisfied federal tax lien.
The findings also stated that George Dahl allegedly engaged in an outside business activity without providing written notice of this activity to his member firm. Dahl allegedly performed business activities for a manufacturing company, including referring potential purchasers of the company’s products, assisting with tours of the company’s manufacturing facilities, reviewing and editing press releases, and arranging business meetings between representatives of the company and potential purchasers. Dahl was reportedly compensated for these efforts.
FINRA’s findings also stated that Dahl allegedly executed unauthorized sales of securities in a customer’s account. The findings also included that Dahl purportedly listed certain inaccurate information regarding annual income and/or net worth on customer new account forms which caused his firm to maintain inaccurate books and records.
According to his FINRA BrokerCheck report, George Jeffrey Dahl has 15 disclosure events listed including 9 customer disputes. Allegations include unsuitability and unauthorized trades, among others.
Dahl was registered with Revere Securities in New York, NY from January 2015 through September 2015. Prior to that, Dahl was registered with Newport Coast Securities in Irvine, CA from October 2010 through November 2014.
For FINRA’s full findings see FINRA Case #2017053631301.
The White Law Group is investigating the liability that George Dahl’s employers may have for losses sustained by his clients. Brokerage firms are required to adequately supervise their agents to ensure they are complying with FINRA rules. If it is determined that the broker dealer failed to supervise their agent, they can be held responsible for losses in a FINRA arbitration claim.
Are you concerned about your investment losses with George Dahl? The attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510.
The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group, please visit www.whitesecuritieslaw.com.