A disciplinary action taken by the Financial Industry Regulatory Authority against former Pasadena, California broker and investment advisor Dennis Mehringer...Read More
R. Douglas Armstrong: Investor Complaints Against Dawson James Broker
Investor complaints filed against Florida Dawson James broker R. Douglas Armstrong (CRD# 5236735) describe activity including unsuitable investment recommendations, incomplete disclosures, negligence, misrepresentations and omissions, and more. One such pending complaint alleges damages exceeding $100,000. Armstrong is registered with Dawson James in Boca Raton, Florida, where he has been employed since 2012, according to information drawn from Financial Industry Regulatory Authority records.
R. Douglas Armstrong allegedly recommended a customer invest in unsuitable direct investments, provided misrepresentations concerning investments, and invested the account “negligently,” according to a pending 2019 customer complaint concerning his conduct at Dawson James. The claimant alleges damages of $105,000 in the complaint.
R. Douglas Armstrong allegedly provided incomplete disclosures regarding unsuitable direct investments, provided misrepresentations regarding the investments, and did not “invest the claimant’s account prudently,” according to a 2018 customer complaint concerning his conduct at Dawson James. That complaint reached a March 2019 settlement of $10,000.
He also allegedly “failed to give full disclosures,” provided “material misstatements,” and did not prudently invest the account of a customer who filed a pending 2018 complaint concerning his conduct at Dawson James. The claimant alleges damages of $375,000.
He also allegedly provided misrepresentations concerning unsuitable recommendations of direct investments, and offered “promissory statements” to a customer who filed a pending 2018 complaint regarding his conduct at Dawson James. The claimant alleges damages of $300,000.
Promissory statements, misrepresentations and unsuitable recommendations were also alleged in a 2018 customer complaint regarding his employment at Dawson James. That complaint reached a settlement of $62,500.
Armstrong allegedly provided “false and misleading assurances and unsuitable recommendations” associated with a promissory note investment, according to a 2018 customer complaint regarding his conduct at Dawson James. That complaint reached a 2019 settlement of $150,000.
Another 2018 customer complaint alleged that he offered “misrepresentations and promissory statements” regarding an unsuitable private placement product. That complaint reached an August 2019 settlement of $265,000.
R. Douglas Armstrong’s registration with Dawson James Securities in Boca Raton, Florida started in August 2012. His employment history includes Westpark Capital and Aurora Capital. His 14 state registrations included Alabama, California, Florida, Massachusetts, New Jersey, Texas, and Utah. He has passed three securities industry qualification examinations. (Information current as of August 7, 2019.)