Goodman & Nekvasil P.A., May Recover Investor Losses – Dennis Albert Mehringer Jr. (Dennis Mehringer) Licensed with Western International Securities, Inc.
Since 2009, Dennis Mehringer has been licensed with Western International Securities, Inc. In December 2016, Dennis Mehringer was named a respondent in a FINRA complaint alleging that Dennis Mehringer made unsuitable recommendations that caused a customer to engage in excessive expensive short-term trading and intra-day switching of mutual fund Class A shares. The complaint alleges that Dennis Mehringer repeatedly recommended, and caused the customer to engage in, short-term purchases and sales of 84 mutual fund Class A positions. The complaint also alleges that Dennis Mehringer exercised discretion in a customer’s account without obtaining the customer’s written authorization and Dennis Mehringer’s member firm’s approval to do so. The complaint further alleges that Dennis Mehringer failed to fulfill Dennis Mehringer’s fiduciary obligations to a charitable trust he had helped create when, as trustee, he violated the purported charitable purposes of the trust. According to FINRA, Dennis Mehringer also violated FINRA Rule 2010 when Dennis Mehringer submitted false responses about a complaint and settlement in a compliance questionnaire.
FINRA reports that four complaints and/or arbitration involving Dennis Mehringer’s conduct with Western International Securities, Inc. have been filed alleging failure to follow trade instructions, breach of fiduciary duty, fraud, misrepresentation, negligence, negligent supervision, breach of contract, breach of FINRA rules, violation of state and federal laws and/or other allegations. These complaints and/or arbitration claims were settled for $290,000, $81,296, $62,500, and $47,000. Dennis Mehringer contributed approximately $150,000 in total to these four settlements.
FINRA also reports that an arbitration claim involving Dennis Mehringer’s conduct with Western International Securities, Inc. is pending. This claim alleging unsuitable investments and seeks $231,688.55 in damages.
If you lost any money on investments with Dennis Mehringer, you may be able to recover your losses from Western International Securities, Inc. This is because Western International Securities, Inc. had a duty to supervise Dennis Mehringer.
If you lost money on investments with Dennis Mehringer and believe that 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 Western International Securities, Inc. concerning Dennis Mehringer’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 $170 million on behalf of victimized investors. If you lost money on investments with Dennis Mehringer 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.
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