George Dahl—Outside Business Activity

investors rights attorneysGeorge Dahl Allegedly Engaged in an Outside Business Activity without Providing Written Notice and Executed Two Unauthorized Trades in a Customer’s Account

George Dahl allegedly engaged in an outside business activity without providing written notice to Newport Coast Securities, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).

George Dahl also allegedly executed two unauthorized trades in a customer’s account, and, the aforementioned AWC further alleges, listed certain inaccurate information on customer new account forms.

What is more, George Dahl allegedly failed to disclose a bankruptcy filing and an unsatisfied federal tax lien on his U4, the AWC also reports.

George Dahl Suspended and Fined $20k for Taking Part in Outside Business Activity (OBA) without Proper Prior Notice; Activities Included Referring Potential Purchasers of a Manufacturing Company’s Facilities, Assisting with Tours and Reviewing and Editing Press Releases

George Dahl allegedly performed business activities for a manufacturing company, including referring potential purchasers of the company’s products, assisting with tours of the company’s manufacturing facilities, reviewing and editing press releases, and arranging business meetings between representatives of the company and potential purchasers, the AWC reports.

Dahl was allegedly compensated for said work, and, as result of the aforementioned behavior, George Dahl violated NASD and FINRA Rules, and, hence, has been suspended and fined $20,000 by FINRA.

One should also note that, according to the AWC, George Dahl neither admitted nor denied the FINRA findings.

The Peiffer Wolf Securities Lawyers Often Assist Investors

The Peiffer Wolf securities lawyers assist investors who lose money as a result of brokers engaging in outside business activities. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of brokers engaging in outside business activities are encouraged to contact the securities lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 585-310-5140.

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In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.