Lloyd Dotson—Alleged Undisclosed Outside Business Activities & Private Securities Transactions

Lloyd Dotson, Formerly of Commonwealth Financial Network, Allegedly Took Part in Undisclosed Outside Business Activities and Private Securities Transactions

Lloyd Dotson, formerly of Commonwealth Financial Network, allegedly took part in undisclosed outside business activities and private securities transactions, according to a Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Lloyd Dotson’s alleged undisclosed outside business activities and private securities transactions are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Lloyd Dotson’s alleged undisclosed outside business activities and private securities transactions, and the investigation suggests that the alleged scheme at issue was Traffic Monsoon.

The Peiffer Rosca Wolf investor right lawyers have already filed a class action on behalf of certain Traffic Monsoon investors. The case is unrelated to Mr. Dotson. However, they are also investigating Mr. Dobson’s Traffic Monsoon-related activities.

Lloyd Dotson Barred by FINRA from the Securities Industry after Allegedly Failing to Respond to a FINRA Investigation

Lloyd Dotson purportedly operated a company called Harvest Wealth Partners and was a financial advisor and registered representative of Commonwealth Financial Network from June 2006 to June 2016, where he worked at a branch office in New Canaan, Connecticut, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

Dotson then received a FINRA staff on February 6, 2017 requesting testimony pursuant to FINRA Rules and on March 6, 2017 Dotson also allegedly acknowledges that he received FINRA’s request and allegedly stated that he would not appear for on-the-record testimony at any time, the AWC reports.

Dotson, by allegedly refusing to appear for on-the-record testimony as requested pursuant to FINRA Rules, apurportedlyy violated FINRA Rules and therefore has been barred by FINRA from associating with any FINRA member in any capacity, the AWC notes.

Lloyd Dotson was barred by FINRA from the securities industry by FINRA after allegedly failing to respond to a FINRA investigation, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

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

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Lloyd Dotson’s alleged undisclosed outside business activities and private securities transactions. 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 Lloyd Dotson’s alleged undisclosed outside business activities and private securities transactions may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1180 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


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.