Investigation Update:  Dawn Bennett and Western International Securities, Inc.

Have you lost money with financial advisor Dawn Bennett of Washington, D.C.?  We are investigating allegations made by the Securities and Exchange Commission (SEC) against Dawn Bennett.   In a recently filed complaint, the SEC alleges that Bennett, and her company Bennett Group Financial Services, misrepresented the amount of investments her company had under its management.  Bennett, who had a weekly radio show called “Financial Myth Busting with Dawn Bennett”, was alleged to have overstated the assets under management by over $1.5 billion.

InvestmentNews.com recently reported that Bennett failed to show up at her hearing with the SEC.  Her attorney claimed that the proceedings were biased.

Dawn Bennett is a financial advisor and registered representative of Western International Securities & Company from October 2009 to November 2015.  She worked at a branch office in Washington, D.C., and lives in Chevy Chase, Maryland.  Bennett has been the subject of at least six customer complaints, five of which were made within the last three years.  These complaints make allegations of misrepresentations and unauthorized trading.

Israels & Neuman currently represents two investors who have filed claims against Bennett and Western International Securities.  The claims allege that Bennett misrepresented the risks of securities to her clients and made unsuitable investment recommendations.  Bennett’s clients lost money in inverse ETFs (exchange traded funds), as well as precious metal funds, like gold, silver, platinum, and palladium.

Brokerage firms like Western International Securities have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout the Washington D.C. area. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Western International Securities & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond Dawn, ProEquities, Securities America, National Securities Corp., and many others.

HAVE YOU LOST MONEY WITH DAWN BENNETT or WESTERN INTERNATIONAL SECURITIES, INC.?   

              CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION

                Denver Office: (720) 599-3505

                Seattle Office: (206) 795-5798