Do You Have Suitability Concerns Due to Recommendations by Crown Capital Securities, L.P. Broker Dennis Haywood?

Crown Capital Securities-Logo

Erez Law is currently investigating former Crown Capital Securities, L.P. broker Dennis Haywood (CRD# 5850275) regarding unsuitable recommendations regarding non-traded REITs, non-traded BDCs and variable annuities. He was registered with Crown Capital Securities, L.P. in Land O’ Lakes, Florida from 2013 to 2020.

Dennis Haywood Customer Complaints 

He has been the subject of 11 customer complaints between 2020 and 2022, according to his CRD report:

April 2022. “The claimants allege unsuitable recommendations and failure to conduct proper due diligence in regards to transactions in alternative investments. They further allege negligence, as well as misrepresentation and omission of material facts.” The customer is seeking $215,386.51 in damages. The complaint was regarding direct investments and non-traded REITs and BDCs and took place while he was registered with Crown Capital Securities, L.P.

June 2021. “Customers allege they received a poor recommendation in regards to the purchase of an investment.” The customer sought $25,000 in damages and the case was settled for $6,000. The complaint was regarding direct investments and took place while he was registered with Crown Capital Securities, L.P.

April 2021. “Customer alleges lack of suitability, material misrepresentations and failure to conduct proper due diligence in regards to the purchase of alternative investments.” The customer sought $330,000 in damages and the case was settled for $75,000. The complaint was regarding non-traded REITs and direct investments and took place while he was registered with Crown Capital Securities, L.P.

July 2020. “Customer alleges lack adequate due diligence, negligence and misrepresentations and omissions of material facts in regards to transactions in a non-traded REIT.” The case is currently pending. 

July 2020. “Customer alleges lack adequate due diligence, negligence and misrepresentations and omissions of material facts in regards to transactions in a non-traded REIT.” The case was settled for $36,000. The complaint was regarding non-traded REITs and took place while he was registered with Crown Capital Securities, L.P.

July 2020. “Customer alleges lack of suitability and adequate due diligence in regards to transactions in non-traded REITs and non-traded BDCs. They further allege negligence, as well as misrepresentations and omissions of material facts. “ The customer sought $40,000 in damages and the case was settled for $55,000. The complaint was regarding non-traded REITs and BDCs and took place while he was registered with Crown Capital Securities, L.P.

May 2020. “The customer alleges a violation of the fiduciary and suitability obligations as it relates to the purchase of non-traded reits and non-traded BDC’s. Customer further alleges they were misled about the time horizon and projected performance return of the investments.” The customer sought $167,357.75 in damages and the case was settled for $41,500. The complaint was regarding non-traded REITs and BDCs and took place while he was registered with Crown Capital Securities, L.P.

May 2020. “Customers allege they were sold alternative investments that underperformed.” The case was settled for $160,000. The complaint was regarding direct investments, non-traded REITs, and non-traded BDCs and took place while he was registered with Crown Capital Securities, L.P.

May 2020. “The customer alleges a violation of fiduciary and suitability obligations as it relates to the purchase of non-traded REITs, non-traded BDCs and a Variable Annuity contract. They further allege that the representative made material misrepresentations about the risks, profitability and liquidity of the investments.” The customer sought $250,000 in damages and the case was settled for $25,000. The complaint was regarding variable annuities, non-traded REITs, and BDCs and took place while he was registered with Crown Capital Securities, L.P.

April 2020. “The claimant alleges lack of suitability, breach of contract and lack of proper due diligence for four alternative investments purchased between April 2014 and April 2016.” The customer sought $400,000 in damages and the case was settled for $95,000. The complaint was regarding direct investments, non-traded REITs and non-traded BDCs and took place while he was registered with Crown Capital Securities, L.P.

April 2020. “The claimant alleges lack of suitability, breach of contract and lack of proper due diligence for two alternative investments purchased April 2018.” The customer sought $100,100 in damages and the case was settled for $37,500. The complaint was regarding direct investments and took place while he was registered with Crown Capital Securities, L.P.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Crown Capital Securities, L.P. may be liable for investment or other losses suffered by Dennis Haywood’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.