Ex-Ameriprise Broker James Dunn is Accused of Unsuitability, Unauthorized Trading

Former Ameriprise Financial Advisor is Named in Five Pending Customer Disputes

James William Dunn, an ex-stockbroker and investment advisor in Vienna, VA with Ameriprise Financial Services, is under scrutiny over losses suffered by customers. He is currently named in five customer disputes in which the damages sought range from six- to seven figures. 

All of the Financial Industry Regulatory Authority (FINRA) arbitration claims involving Dunn were brought in 2021. The misconduct alleged was said to have occurred during this same year. 

Our broker misconduct attorneys are speaking with former customers of ex-Ameriprise broker James Dunn who have suffered significant investment losses. You may have grounds for a FINRA arbitration claim against Ameriprise and Dunn. 

Contact Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) today at (800) 259-9010.

Investors Accuse Broker James Dunn of Unauthorized Trading

According to his BrokerCheck, there are five pending claims involving Dunn:

  • October 2021: This client alleges unauthorized transactions and unsuitable equity securities sales in his account. The claimant is requesting more than $535K in damages.
  • October 2021: Making similar allegations, this customer is requesting nearly $473K in damages.
  • September 2021: Alleging unauthorized trades involving foreign securities, this client is seeking over $90K in damages.
  • August 2021: Claiming unauthorized trades in foreign securities, this customer is requesting over $1.1M in damages.
  • July 2021: Also related to unauthorized equity sales, this claimant is requesting over $316K in damages. 

In October 2021, Ameriprise allowed Dunn to voluntarily resign in the wake of the unsuitability and unauthorized trading allegations.

James Dunn was an Ameriprise broker from 2019 to 2021. He worked nine years in the industry. Other firms where he used to be registered include Wells Fargo Clearing Services and Morgan Stanley.

Even if Ameriprise wasn’t aware that Dunn was conducting unsuitable and unauthorized trades, it was the brokerage firm’s duty to properly supervise this broker. All brokerage firms must have protocols in place that protect investors from broker misconduct or negligence. 

Unfortunately, a broker-dealer’s failure to supervise occurs all too often, enabling financial advisors to mismanage customers’ accounts so that losses can result.

Skilled Broker Misconduct Law Firm

SSEK Law Firm can help you explore your legal options against Dunn and Ameriprise Financial. This is not the type of investor claim that you want to pursue without experienced securities law professionals advocating for you and protecting your rights. 

Call our securities fraud lawyers at (800) 259-9010 or contact us online for your free, no-obligation case assessment.

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