National investment loss lawyers KlaymanToskes is investigating former broker/investment advisor Austin Dutton (CRD# 2739167) of American Trust Investment Services, Inc. and Primex, in connection with his 33 public disclosures, including 28 customer complaints.
Investors that suffered losses with Austin Dutton and/or any other broker at American Trust Investment Services, Inc. or Primex, may have recovery options. Contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or lklayman@klaymantoskes.com for a free consultation to discuss legal options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
According to FINRA BrokerCheck, Austin Richard Dutton is currently facing two pending customer complaints, both of which allege causes of action including a Breach of Fiduciary Duty, Negligence, and Failure to Supervise.
Dutton’s most recent complaint alleged investor damages of $130,000, while the second alleged damages of $100,000. Dutton’s 24 settled customer complaints have been collectively settled in favor of the investors in the amount of $703,856.
In 2017, Dutton was fined $200,000 by the state of Pennsylvania for unsuitable investment recommendations. On March 29, 2021, FINRA made a preliminary determination to recommend that disciplinary action be brought against Austin Dutton due to allegations that he violated FINRA Rule 2111 (Suitability) and 2010, as well as FINRA Rule 4511 (General Requirements).
In a recent FINRA arbitration Award, Austin Richard Dutton was ordered to pay a customer $43,644.69 in compensatory damages. The customer previously filed a complaint against Dutton, Primex, and American Trust Investment Services Inc., which alleged securities violations related to recommendations to invest in GWG L bonds.
GWG L Bond investors who suffered losses due to the misconduct and/or securities violations of their brokerage firm or broker/advisor should immediately contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lklayman@klaymantoskes.com for a free consultation to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is currently representing many GWG L Bondholders throughout the country in FINRA arbitration claims against the brokerage firms and financial advisors that recommended the unsuitable L Bonds, including:
– Centaurus Financial
– Western International Securities
– Emerson Equity
– Coastal Equities
– Newbridge Securities
– Capital Investment Group
– American Trust Investment Services
– Moloney Securities
– IFP Securities
– Ni Advisors
– Center Street Securities, and
– B.B. Graham & Company.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com