Dennis Nakamura, formerly with McNally Financial Services, Barred from Securities Industry
Have you lost money with financial advisor Dennis Nakamura of Moraga, California? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Dennis M. Nakamura. FINRA barred Nakamura from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Nakamura for allegations that he made unsuitable investment recommendations to customers while affiliated with McNally Financial Services.
Dennis Nakamura was a financial advisor and registered representative of McNally Financial Services, Inc. from 2010 to October 2019. He worked at a branch office in Moraga, California. Nakamura has also been the subject of five customer complaints, including one customer who complained about over-the-counter (OTC) stocks and options.
Brokerage firms like McNally Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in California. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Nakamura, Dennis FINRA AWC
Click to view: Nakamura, Dennis BrokerCheck 11.22.19