White Plains Advisor Hugh Dunn: $325k Investor Complaint

White Plains financial advisor Hugh Dunn (CRD# 2219252) has received an investor complaint alleging six-figure damages. Financial Industry Regulatory Authority records show that he is a broker with Rockwell Financial Group, registered in both White Plains and Hicksville, New York. 

Mr. Dunn’s BrokerCheck report, a summary form outlining his history as a broker, discloses one pending investor complaint. Filed in February 2022, the complaint alleges he “charged inappropriate trades to speculative, aggressive short term growth portfolio” between 2010 and 2021. For reference, FINRA’s suitability standard requires brokers to follow a standard called suitability: this means that they must have a reasonable basis to believe the investments they recommend are appropriate for the customer’s objectives, background, and needs. This means, for instance, that speculative short-term trading in potentially risky securities might be inappropriate for an investor with a conservative investment profile focused on long-term growth. The pending complaint alleges damages of $325,000.

According to the Financial Industry Regulatory Authority, Hugh Dunn holds 25 years of securities industry experience. Based in White Plains, New York, he has been a representative of Rockwell Global Capital since 2002. His past registrations include AC Financial (Palm Harbor, Florida; 1997-1998), May Davis Group (New York, New York; 1996-1997), I.A. Rabinowitz & Co. (New York, New York; 1996), Buttonwood Securities (New York, New York; 1995), Rickel & Associates (New York, New York; 1995), Norfolk Securities (New York, New York; 1994-1995), Greenway Capital (New York, New York; 1994), and A.S. Goldmen & Co. (Red Bank, New Jersey, 1992-1994). His credentials include the passage of five securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Municipal Securities Principal Examination, or Series 53; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 27 state licenses. (Information current as of June 8, 2022.)

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