Last Updated: February 2025 (Walnut Creek, CA)
Here’s what you need to know about Walnut Creek, CA stockbroker David Dunn:
- Name: Mr. David Norman Dunn
- Current Employer: Raymond James & Associates, Inc.
- Prior Employers:
- Oppenheimer & Co. Inc. (2007-2023)
- Wachovia Securities, LLC (2003-2007)
- Function: Stockbroker / Financial Advisor
- Primary Location: Walnut Creek, CA
- CRD: 2819556
- Can David Dunn be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? No
- Pending Customer Dispute Alleges Elder Financial Abuse & Seeks Damages: $8,800,000
If you’ve sustained damages from Mr. Dunn, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With David Dunn As Your Stockbroker?
A customer of Oppenheimer & Co. Inc. has filed a pending claim alleging financial elder abuse, unauthorized and unsuitable stock sales, and failure to supervise from 2016 to 2021. The dispute involves equity-listed common and preferred stock and seeks $8,800,000 in damages.
The complaint is currently pending.
Other Cases Involving Unauthorized Trading
Allegations of Broker Misconduct Against David Dunn
Customers of David Dunn have alleged the following misconduct in connection with the handling of their accounts:
- Financial elder abuse – involving unauthorized transactions and failure to act in the best interest of an elderly client.
- Unauthorized and unsuitable stock sales – recommendations that were not aligned with the client’s investment profile or risk tolerance.
- Unauthorized Trading – allegations of trading account without customer approval.
Under FINRA Rule 2111, brokers are required to have a reasonable basis to believe that investment recommendations are suitable for their clients based on their financial situation and needs. Unauthorized trading may also violate FINRA Rule 3260, which prohibits brokers from executing transactions without a client’s consent.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
FINRA Rule 2111- suitability -Regulation Best Interest
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by David Dunn, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.