Daniel John Dunn a stockbroker currently employed by Woodbury Financial Services is referenced in a customer initiated investment related complaint on March 29, 2019 in which the customer sought more than $5,000.00 in damages supported by allegations that the customer was provided poor investment advice concerning real estate security and equipment leasing interests sold by Dunn during the period in which the stockbroker was employed by Woodbury Financial Services.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Dunn has been identified in five more customer initiated investment related disputes containing accusations of his violative conduct when he was associated with AIG Financial Advisors Inc. and Woodbury Financial Services. Specifically, a customer initiated investment related complaint involving Dunn’s behavior was settled for $394,576.42 in damages founded on allegations that the customer was steered by Dunn into taking a loan against the customer’s home to fund a private placement investment that failed to be suitable for the customer.
Dunn is the subject of another customer initiated investment related arbitration claim which was resolved for $45,000.00 in damages based upon accusations that the customer had been persuaded by Dunn to take out a loan in order to invest in unsuitable investments. An additional customer initiated investment related arbitration claim regarding Dunn’s conduct was settled for $122,500.00 in damages supported by allegations that during the time that the stockbroker was employed by Woodbury Financial Services, equipment leasing investments (Icon Leasing Fund) and annuity products were not appropriate for the customers given their tolerance for risk.
Also, Dunn is referenced in a customer initiated investment related arbitration claim which was resolved for $130,000.00 in damages founded on accusations that the customer was not properly notified about the risks of real estate security products that were recommended and sold through Dunn; and the tenant in common investments resulting from the stockbroker’s recommendations failed to address the customer’s goals. In addition, on August 17, 2015, a customer filed an investment related arbitration claim involving Dunn’s activities where the customer requested $48,624.27 in damages based upon allegations of bad advice in regard to direct investments purchased by the customer during the period in which Dunn was associated with Woodbury Financial Services.
Dunn has been registered with Woodbury Financial Services Inc. since September 15, 2006.
