Lloyd Dotson – Lloyd Henry Dotson, Barred from Securities Industry and Discharged from Commonwealth Financial Network – Goodman & Nekvasil P.A., May Recover Investor Losses
Lloyd Dotson was licensed with Commonwealth Financial Network from 2006 to 2016. Lloyd Dotson was discharged from Commonwealth Financial Network on June 14, 2016. Commonwealth Financial Network reported to FINRA that Lloyd Dotson was engaged in multiple Outside Business Activities where Lloyd Dotson used an alias to promote participation in multi-level marketing programs. Commonwealth Financial Network reported that Lloyd Dotson failed to provide prior written notice to or receive written approval from the firm, in violation of FINRA rules 3270.
Lloyd Dotson was barred from the securities and investment banking industry on April 5, 2017. FINRA reports that Lloyd Dotson consented to the sanction and to the entry of findings that Lloyd Dotson refused to appear for on-the-record testimony requested by FINRA in connection with an investigation into suspected outside business activities, private securities transactions, and the overall circumstances surrounding his termination from Lloyd Dotson’s termination from Lloyd Dotson’s member firm.
If you lost any money on investments with Lloyd Dotson, you may be able to recover your losses from Commonwealth Financial Network. This is because Commonwealth Financial Network had a duty to supervise Lloyd Dotson.
If you lost money on investments with Lloyd Dotson 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 against Commonwealth Financial Network concerning Lloyd Dotson’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 Lloyd Dotson 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.