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FINRA Disciplinary Action Against Donald Richard Dahn

In January 2014, FINRA announced that Donald Richard Dahn, previously employed by LPL Financial LLC, submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity.

Without admitting or denying the findings, Dahn consented to the described sanction and to the entry of findings that he borrowed a total of $27,100 from public customers without the ability to repay the loans that had been represented to be used for operating expenses for a company Dahn ran with his brother. The findings stated that Dahn failed to disclose the loans to his member firm. The firm’s Written Supervisory Procedures prohibited borrowing money from customers. Dahn has failed to repay either of the loans, one of which required payment within 90 days.

It was unclear from FINRA’s announcement whether customers had initiated FINRA arbitrations or any other type of securities arbitrations. If you believe that you have suffered losses as a result of Donald Richard Dahn’s misconduct, you may contact David A. Weintraub, P.A., 7805 SW 6th Court, Plantation, FL 33324. By phone: 954.693.7577 or 800.718.1422.