Dwight Lee Dykstra (Dwight Dykstra) – Financial Advisor/Broker Dwight Dykstra Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Dwight Dykstra was a previously licensed financial advisor with Vision Brokerage Services LLC. According to Dwight Dykstra’s BrokerCheck report, Dwight Dykstra was suspended from the securities industry for one year, fined $10,000, and disgorged of commissions received in the amount of $67,500 plus interest in October 2020.
According to FINRA Allegations:
In October 2018, while registered through VBS, Dykstra participated in private securities transactions by soliciting investments in promissory notes issued by a limited liability company (the Issuer) raising capital to develop a senior living real estate project. Dykstra contacted prospective investors—some of whom were customers or former customers of VBS—to inform them of the investment opportunity. Dykstra then provided marketing materials to interested investors, participated in communications between the Issuer and interested investors, and facilitated the sale of approximately $2 million of promissory notes to 21 investors. The Issuer paid Dykstra $67,500 in selling compensation for his participation in the transactions. Additionally, Dykstra and his wife invested $100,000 in a promissory note sold by the Issuer. The promissory notes sold by the Issuer were securities.
Dykstra’s participation in the promissory note securities transactions was outside the regular course and scope of his employment with VBS. While registered through VBS, Dykstra—after giving notice to VBS and receiving VBS’ approval—sold membership interests in a fund formed to invest in the same senior living real estate project. Dykstra, however, did not provide any prior notice to VBS of the promissory notes transactions or of his role in those transactions.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Dwight Dykstra and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Dwight Dykstra’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Dwight Dykstra and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 10/8/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.