James William Dunn Jr., of Vienna, Virginia, a stockbroker formerly registered with Ameriprise Financial Services Inc., is done, and has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon the refusal to cooperate with a FINRA investigation into allegations of his unauthorized trading. Letter of Acceptance, Waiver, and Consent No. 2021073167701 (August 17, 2022).
FINRA’s investigation into Dunn started after Dunn’s previous employer filed a Form U5 Termination Notice. On April 25, FINRA sent a request to Dunn to produce information and documents concerning its investigation. On July 11, 2022, Dunn’s attorney emailed FINRA stating that Dunn had received FINRA’s request but would not be providing the information or documents at any time. Dunn violated FINRA Rules 2010 and 8210 because of his refusal to produce the documents and information in the investigation.
FINRA Public Disclosure shows that Dunn is referenced in twenty-two customer initiated investment related disputes concerning Dunn’s activities while associated with securities broker dealers, including Ameriprise Financial Services Inc. On January 26, 2022, a customer initiated investment related complaint involving Dunn’s conduct was settled for $164,809.33 in damages based upon accusations that Dunn made unauthorized transactions with regard to the recommendation and sale of over-the-counter equities when Dunn was associated with Ameriprise Financial Services Inc.
On March 3, 2022, another customer filed an investment related complaint involving Dunn’s activities where the customer requested $677,588.86 in damages based upon allegations that Dunn made unauthorized equities purchases during the period that he was associated with Ameriprise Financial Services Inc.
Dunn is also referenced in a customer initiated investment related complaint that was settled on March 14, 2022, for $61,770.63 in damages based upon accusations that Dunn made unauthorized transactions with regard to the recommendation and sale of over-the-counter equities during the time that Dunn was associated with Ameriprise Financial Services Inc.
On June 6, 2022, another customer initiated investment related FINRA securities arbitration claim involving Dunn’s conduct was settled for $200,000.00 in damages based upon allegations that Dunn made unauthorized transactions and overconcentrated the customer’s account in stocks when Dunn was associated with Ameriprise Financial Services Inc. FINRA Arbitration No. 22-00662.
Dunn was associated with Ameriprise Financial Services LLC from May 31, 2019, to November 18, 2021.
