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Former Dawson James Asset Management, Inc. Broker Paul Dipietro Investment Loss Options

Posted on Monday, October 19th, 2020 at 11:57 pm    

Dawson James Securities

Erez Law is currently investigating former Dawson James Asset Management, Inc. broker Paul Dipietro (CRD# 4313454) regarding unsuitable investment recommendations. Dipietro has been registered with Pinnacle Investments, LLC in Boca Raton, Florida since 2019. Previously, Dipiertro was registered with Dawson James Asset Management, Inc. in Boca Raton, Florida from 2012 to 2015. 

Dipietro has been the subject of 10 customer complaints between 2008 and 2020, three of which were denied and two were withdrawn, according to his CRD report. Recent complaints are regarding: 

July 2020. “Breach of Fiduciary Duty, Negligence, Breach of Contract and Fraud.” The customer is seeking $100,000 in damages and the case is currently pending. The complaint was regarding common and preferred stocks and took place while Dipietro was registered with Dawson James Asset Management, Inc. 

August 2019. “Claimant alleges unsuitable recommendations were made.” The customer is seeking $68,926.88 in damages and the case is currently pending. The complaint was regarding equity OTC and took place while Dipietro was registered with Dawson James Asset Management, Inc. 

April 2018. “Claimant alleges that his account was churned and placed in unsuitable securities by the representatives at Dawson James and Spartan. January 2015 through September 2015.” The customer sought $100,000 in damages and the case was settled for

$10,000. The complaint was regarding common and preferred stocks and penny stocks and took place while Dipietro was registered with Dawson James Asset Management, Inc. 

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, Dawson James Asset Management, Inc. may be liable for investment or other losses suffered by Dipietro’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.