Broker Gerald Dewes Accused of Selling Away
The White Law Group continues to investigate potential securities fraud lawsuits involving former financial advisor Gerald Dewes and the liability that Dewes’ employers may have for failure to properly supervise him.
FINRA Reportedly Bars Advisor Gerald R. Dewes after Allegations of Selling Away
According to public records on the Financial Industry Regulatory Authority’s website, on March 30, Dewes allegedly refused to appear for on-the-record testimony requested by FINRA in connection with an investigation into his potential alleged participation in undisclosed private securities transactions and outside business activities.
According to his broker profile, Dewes was reportedly registered with Cadaret, Grant & Co. in East Amherst, NY from 2014 until 2019 when he was allegedly discharged after allegations that he “sold away from the firm by soliciting client investments into an undisclosed outside business activity, Elite Roasters, Inc. for which he was an officer and director. Internal review continues.”
Dewes’ broker profile indicates that he reportedly has two customer complaints pending from March and May of this year. Allegations include “unsuitable investment recommendations, common law fraud, breach of contract, negligent supervision, and breach of fiduciary duty in connection with their alleged investments in two unapproved private investments,” among others.
Filing a Complaint against your Brokerage Firm
When brokers violate securities laws the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
We represent investors in FINRA arbitration claims in all 50 states, including New York. If you are concerned about your investments with Gerald Dewes, you may be able to file a complaint against your brokerage firm. Please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.
For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com. The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.