FINRA recently announced that Joseph Kesl Aylward of Dominick & Dominick, LLC has been barred from association with any member firm in any capacity. Without admitting or denying the findings, Aylward consented to the described sanction and to the entry of findings that he caused Dominick & Dominick’s books and records to be inaccurate by causing the cost basis of securities positions in customer’s accounts to be changed to understate the unrealized losses in each of the securities positions. The findings also state that Aylward exercised discretion in a customer’s account without the customer’s written authorization and his member firms acceptance of the account as discretionary. As such, based on FINRA’s findings, it appears that Aylward was trading without authorization and changing account information to cover up for losses.
If you believe that Aylward traded without authorization in your account, or if have questions about a financial advisor trading without authorization, The White Law Group may be able to help. To speak to a securities attorney, please call our Chicago office at 312-238-9650.
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 Boca Raton, Florida.
To learn more about The White Law Group, visit https://www.whitesecuritieslaw.com.