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Dennis Nakamura Formerly With McNally Financial Services Corp. Has 6 Customer Complaints For Alleged Broker Misconduct

Who is Dennis Nakamura formerly with McNally Financial Services Corp.?

Dennis Nakamura (CRD #819626) who was formerly registered with McNally Financial Services Corp. and located in Moraga, California is a subject of one of our many securities industry sales practice abuse investigations.

Dennis Nakamura has also had his regulatory problems with FINRA. In November 2019, FINRA permanently barred him from any further association with any member firm in any capacity for refusing to appear and provide on-the-record testimony requested by FINRA in connection with its investigation into whether he violated the FINRA rules by making unsuitable investment recommendations to customers.

Dennis Nakamura Customer Complaints

Dennis Nakamura has been the subject of 6 customer complaints that we know about. Five of Dennis Nakamura’s 6 customer complaints were settled in favor of investors. One of Dennis Nakamura’s customers’ complaints was denied and the customers did not take any further action.

Allegations Against Dennis Nakamura

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Claimant alleged Dennis Nakamura’s failure to disclose extent of risk, unauthorized trading, recommending unsuitable investments, breach of fiduciary duty, failure to supervise, churning, breach of contract and elder abuse.
  • Dennis Nakamura allegedly over charged in commission for various mutual fund transactions. Unspecified amount of damage.
  • Dennis Nakamura’ allegedly made unsuitable investment recommendations.

Dennis Nakamura Red Flags & Your Rights As An Investor

Of course, Dennis Nakamura did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Dennis Nakamura at McNally Financial Services Corp. on alert to review carefully the activity and performance of their accounts and question whether Dennis Nakamura has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at McNally Financial Services Corp. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At McNally Financial Services Corp. Due To Dennis Nakamura

If you have questions about McNally Financial Services Corp. and/or Dennis Nakamura and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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