DID AUSTIN RICHARD DUTTON JR CAUSE YOU INVESTMENT LOSSES?
Austin Dutton, Jr. Formerly With American Trust Investment Services, Inc. and Primex Has 30 Customer Complaints For Alleged Broker Misconduct
Who is Austin Dutton, Jr. formerly with American Trust Investment Services, Inc.?
Austin Dutton, Jr. (CRD #2739167) who was formerly registered with American Trust Investment Services, Inc. and located in Doylestown, Pennsylvania, is a subject of one of our many securities industry sales practice abuse investigations. Prior to American Trust Investment Services, Inc., Austin Dutton, Jr. was associated with Primex and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Austin Dutton has had his own regulatory problems with the state of Pennsylvania. In 2017, he entered into a consent agreement and order relating to unsuitable investment recommendations to clients while he was employed at Newbridge Securities Corporation. The settlement with the regulator included a $200,000 fine payable in monthly installments until paid in full. Most recently, Austin Dutton was suspended indefinitely for failure to comply with an arbitration award or to satisfactorily respond to a FINRA request provide information concerning the status of compliance with that award. Finally, another FINRA investigation was recently initiated in connection with his activities that Newbridge Securities Corporation related to real estate security transactions.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Austin Dutton, Jr. Customer Complaints
Austin Dutton, Jr. has been the subject of 30 customer complaints that we know about seeking to recover investment losses. One customer complaint was arbitrated before FINRA and resulted in an award against Austin Dutton that he still has not paid. Twenty-five other customer complaints were settled by Newbridge Securities Corporation in favor of the investors for Austin Dutton’s alleged misconduct. Only 2 of the customer complaints were denied by the brokerage firm and the investors took no further action. There are currently 2 arbitration proceedings pending against Newbridge Securities Corporation and the other against American Trust Investment Services for Austin Dutton’s alleged misconduct..
Allegations Against Austin Dutton, Jr.
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 that Austin Dutton sold securities without performing adequate due diligence, committed negligence, misrepresented facts and breached his fiduciary duty connection with the offer and sale of alternative investments.
- Claimant alleges unsuitable investment recommendations misrepresentation and omission of material information in connection with the offer and sale of alternative investments.
- Claimants separately in multiple arbitration complaints alleged that Austin Dutton committed negligence, made misrepresentations and breached his fiduciary duties in connection with the offer and sale of structured products.
- Multiple claimants separately filed arbitration proceedings alleged unsuitable investment recommendations, negligence, breach of fiduciary duty in connection with the offer and sale of non-traded REITs.
- Multiple Claimants alleged breach of fiduciary duty, breach of contract and negligence related to the offer and sale of alternative investments.
Austin Dutton, Jr. Red Flags & Your Rights As An Investor
Of course, Austin Dutton, Jr. 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 Austin Dutton, Jr. at American Trust Investment Services, Inc. and Primex on alert to review carefully the activity and performance of their accounts and question whether Austin Dutton, Jr. has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at American Trust Investment Services, Inc. and Primex 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.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At American Trust Investment Services, Inc. Due To Austin Dutton, Jr.
If you have questions about American Trust Investment Services, Inc., Primex and/or Austin Dutton, Jr 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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