Woodbury Financial Services Named In FINRA Securities Arbitration

Daniel John Dunn, of Mission Viejo, California, a stockbroker currently registered with Woodbury Financial Services, Inc., has been named in a customer initiated investment related written complaint on August 17, 2015, in which the customer requested $48,624.47 in damages based upon allegations that Dunn made unsuitable investment recommendations to the customer concerning the sale of a direct investment.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Dunn has been named in four additional customer initiated investment related disputes containing allegations of Dunn’s misconduct while employed with AIG Financial Advisors, Inc. and Woodbury Financial Services, Inc. Specifically, on January 15, 2008, a customer initiated investment related civil action involving Dunn’s conduct was settled for $394,576.42 in damages based upon allegations that Dunn effected private placement transactions in the customer’s account which were not suitable.
Subsequently, on July 27, 2009, a customer initiated investment related arbitration claim regarding Dunn’s activities was resolved for $45,000.00 in damages based upon allegations that Dunn made unsuitable investment recommendations to the customer which caused investment losses. Further, on September 27, 2013, a customer initiated investment related arbitration claim involving Dunn’s conduct was settled for $61,250.00 in damages based upon allegations that Dunn effected unsuitable Hartford and MetLife variable annuity transactions, as well as an investment in Icon Leasing Fund.
On April 8, 2014, another customer initiated investment related arbitration claim regarding Dunn’s activities was resolved for $130,000.00 in damages based upon allegations that Dunn effected unsuitable tenant in common transactions in the customer’s account, and omitted facts concerning the risks of the real estate securities.