Goodman & Nekvasil P.A., May Recover Investor Losses | Ronald Terry Dunn (Ronald Dunn) Financial Advisor Barred from Securities Industry and Charged with Securities Fraud and Theft
From 1985 until Ronald Dunn’s firing in 2013, Ronald Dunn worked for Pruco Securities, LLC. According to FINRA’s records, Ronald Dunn was fired by Pruco Securities, LLC on November 21, 2013. Pruco Securities, LLC reported to FINRA that Ronald Dunn was accused of accepting monies from a client’s policy, depositing them in Ronald Dunn’s personal bank account, not fully repaying the monies with agreed interest and not amending Ronald Dunn’s Form U4 to report two unsatisfied liens. Pruco Securities, LLC reported to FINRA that these allegations were substantiated.
Subsequent to Ronald Dunn’s firing by Pruco Securities, LLC, FINRA investigated Ronald Dunn and brought a disciplinary action against Ronald Dunn. Ronald Dunn was barred from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) on April 27, 2015. Ronald Dunn consented to the sanction and to the entry of findings that Ronald Dunn failed to appear for testimony in response to FINRA requests relating to an investigation into whether Ronald Dunn converted customers’ money for Ronald Dunn’s own benefit. The findings stated that Ronald Dunn’s member Firm filed an amended Form U5 reporting that Ronald Dunn was the subject of an internal Firm review because Ronald Dunn “Accepted monies from a client’s policy, deposited them in Ronald Dunn’s personal bank account, and has not fully repaid the monies with agreed interest.”
FINRA reports that Ronald Dunn was charged with 29 counts of felony securities fraud and 27 counts of felony theft by the 2nd Criminal District Court in Tarrant County, Texas on January 30, 2017.
FINRA also reports that 6 complaints and/or arbitration claims have been filed involving Ronald Dunn’s conduct with Pruco Securities, LLC, alleging misappropriation, co-mingling of funds and/or failure to disclose all of the facts regarding where funds were being allocated. These 6 complaints and/or arbitration claims all settled, with the largest settling for $196,464.40 and $98,061.95
If you lost any money on investments with Ronald Dunn, you may be able to recover your losses from Pruco Securities, LLC. This is because Pruco Securities, LLC had a duty to supervise Ronald Dunn.
If you lost money on investments with Ronald Dunn 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 Pruco Securities, LLC concerning Ronald Dunn’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.
Goodman & Nekvasil, P.A. has recovered approximately $170 million on behalf of victimized investors. If you lost money on investments with Ronald Dunn 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.