Dean Elmo Mings of Springfield Ohio a stockbroker formerly registered with Tavenner Company is the subject of a customer initiated investment related arbitration claim where the customer sought $600,000.00 in damages based upon accusations that unsuitable annuities and stocks were recommended to the customer by Mings. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-02807 (Sept. 24, 2019).
According to the claim, the customer had been advised by Mings to effect transactions away from Tavenner Company as the securities broker dealer did not offer or approve of the securities that Ming positioned. The claim also alleges that the customer’s signature had been forged by the stockbroker.
This is not the first time that Mings’s securities practices have been subject of a customer dispute. FINRA Public Disclosure additionally confirms that Mings has been identified in a customer initiated investment related complaint where the customer sought unspecified damages founded on accusations that omissions were made in regard to a fund manager’s fee associated with the customer’s variable annuity purchase. The claim also alleges that the Tavenner customer was not provided with a prospectus by Mings.
Mings was terminated from Tavenner Company on August 2, 2018 supported by allegations of his failure to disclose his outside business activities and a power of attorney designation.