Public records published by the Financial Industry Regulatory Authority (FINRA) on September 28, 2016 indicate that Iowa-based Western Equity Group broker/adviser Suzanne Dashner has received several customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Dashner (CRD# 839673)
Suzanne Dashner has spent 39 years in the securities industry and has been registered with Western Equity Group in Iowa City, Iowa since 2009. Previous registrations include Raymond James Financial Services in Iowa City, Iowa; Edward Jones in Iowa City, Iowa; Shearson Lehman Hutton; Dean Witter Reynolds; and Merrill Lynch. She is a registered broker and investment adviser with Florida, Illinois, Iowa and Minnesota.
According to her BrokerCheck report, Suzanne Dashner has received four customer complaints and one regulatory sanction.
In 2015 the State of Iowa filed a tax lien totaling $156,943.74 against Suzanne Dashner. The lien remains outstanding.
In 1993 the Missouri Securities Division sanctioned Suzanne Dashner following allegations she recommended securities without reasonable grounds to believe they were suitable for the customer. She agreed not to sell options in Missouri for two years.
In 1989 a customer alleged Suzanne Dashner, while employed at Shearson Lehman Brothers, executed unsuitably excessive options trades and committed fraud. The complaint resulted in an award to the customer of $67,000.
In 1989 a customer alleged Suzanne Dashner churned investments and made unsuitable recommendations. The complaint settled for an unspecified amount.
In 1989 a customer alleged Suzanne Dashner churned the account and acted negligently. The complaint settled for $20,000.
In 1988 a customer alleged Suzanne Dashner improperly handled the account. The complaint settled for $17,500.
Churning, or excessive trading, refers to the excessive execution of transactions in a customer account for the primary purpose of generating commissions. In churning cases, a broker does not buy, sell, or trade securities in order to advance a client’s investment goals. Instead, large volumes of transactions are made in order to increase fees and charges. Account churning generally arises in situations where a broker has the control over making investment transactions on a client’s account. Situations where this can occur usually involve discretionary or managed funds, or some margin funds. Brokers who engage in excessive trading may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have lost money investing with Suzanne Dashner, you may be entitled to recover lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you recover money. Time to file your claim may be limited by law, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.