{"id":6128,"date":"2017-03-23T21:41:48","date_gmt":"2017-03-24T02:41:48","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1498"},"modified":"2022-03-11T13:40:56","modified_gmt":"2022-03-11T19:40:56","slug":"finra-headlines-dawn-bennett-loses-1m-gold-etf-claim-regulator-bars-nj-broker-dealer-investors-warned-binary-options-follow-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-headlines-dawn-bennett-loses-1m-gold-etf-claim-regulator-bars-nj-broker-dealer-investors-warned-binary-options-follow-fraud\/","title":{"rendered":"FINRA Headlines: Dawn Bennett Loses $1M Gold ETF Claim, Regulator Bars NJ Broker-Dealer, and Investors Are Warned About Binary Options Follow-Up Fraud"},"content":{"rendered":"

Ex-Investment Adviser Loses Arbitration Claim Over Gold Exchange-Traded Fund<\/strong>
\nEx-financial adviser Dawn Bennett is on the losing end of a $1M securities arbitration claim <\/a>brought by a former client who claims that she recommended he invest in a gold exchange-traded fund. Steven Santagati brought his ETF securities case to the Financial Industry Regulatory Authority. He alleged failure to supervise, breach of fiduciary duty, and negligence. <\/p>\n

InvestmentNews<\/em> reports that in an interview this week, Santagati accused Bennett of taking advantage of his lack of understanding about \u201cfinancial details.\u201d Santagati said that Bennett leveraged his account and invested in risky investments, including the SPDR Gold Shares exchange traded fund. <\/p>\n

Finra awarded Santagati $746K. Western International Securities, which was Bennett\u2019s ex-brokerage firm, and her Bennett Group Financial Services are additional respondents in this case. They were found \u201cjointly and severally\u201d liable for the violations. In addition to Santagati\u2019s award, they must pay $27K in expert witness fees and $252K in legal fees.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ex-Investment Adviser Loses Arbitration Claim Over Gold Exchange-Traded Fund Ex-financial adviser Dawn Bennett is on the losing end of a $1M securities arbitration claim brought by a former client who claims that she recommended he invest in a gold exchange-traded fund. Steven Santagati brought his ETF securities case to the Financial Industry Regulatory Authority. He […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3953,4023,3739],"tags":[2781],"class_list":["post-6128","post","type-post","status-publish","format-standard","hentry","category-arbitration-rulings","category-exchange-traded-funds","category-finra","tag-dawn-bennett"],"yoast_head":"\nFINRA Headlines: Dawn Bennett Loses $1M Gold ETF Claim, Regulator Bars NJ Broker-Dealer, and Investors Are Warned About Binary Options Follow-Up Fraud — Investor Lawyers Blog — March 23, 2017<\/title>\n<meta name=\"description\" content=\"Ex-Investment Adviser Loses Arbitration Claim Over Gold Exchange-Traded Fund Ex-financial adviser Dawn Bennett is on the losing end of a $1M securities — March 23, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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