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Broker Complaints: DMG Securities (CRD# 15480)

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding the Virginia-based brokerage DMG Securities (CRD# 15480).

Formed in Delaware in 1984, DMG Securities is headquartered in Great Falls, Virginia and registered in 49 US states and territories. James Robert Guntle is President; Mark Francis Guntle is Vice President and Chief Compliance Officer; Patricia Frances Guntle is Vice President.

According to the firm’s BrokerCheck report, DMG Securities is the subject of two regulatory sanctions and two customer complaints that evolved into arbitration.

In 2011 the Financial Industry Regulatory Authority (FINRA) sanctioned DMG Securities following allegations the firm failed to maintain and enforce a supervisory system designed to ensure compliance with obligations pertaining to principal transactions with customers. The firm was censured and issued a fine of $12,500.

In 1996 a customer alleged DMG Securities breached its fiduciary duty, recommended an unsuitable investment, failed to supervise its representatives, and acted negligently. The complaint resulted in an award to the customer of $9,150.

In 1995 a customer alleged DMG Securities recommended an unsuitable investment. The complaint resulted in an award to the customer of more than $3,400.

In 1992 the State of North Carolina Securities Division sanctioned DMG Securities following allegations the firm violated provisions related to registration requirements in North Carolina. DMG Securities was censured and issued a fine of $7,225.

If you have lost money investing with DMG Securities, you may be able to recoup your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only get paid if and when you recover money.  Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.