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Former Western International Securities Financial Advisor, Dennis Mehringer, Barred By FINRA After Failing To Comply With A FINRA Investigation Into Alleged Unsuitable Trading And Other Misconduct

Dennis A Mehringer, Jr. (CRD # 722569) was a Financial Advisor at Western International Securities, Inc. in Pasadena, CA.  Dennis Mehringer has been in the securities industry since 1981 and previously worked at First Allied Securities, FSC Securities Corporation and Walnut Street Securities.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in October 2019, Dennis Mehringer was barred by FINRA for refusing to “appear for on-the-record testimony requested by FINRA during the course of an examination involving possible unsuitable trading and other misconduct”

For a copy of the FINRA sanction, click https://www.finra.org/sites/default/files/fda_documents/2019061994701%20Dennis%20A.%20Mehringer%2C%20Jr.%20CRD%20722569%20AWC%20va.pdf.

In addition, Dennis Mehringer has been the subject of eleven customer complaints since 2006, including the following allegations:

  • May 2019 – “Unsuitability; Misrepresentation & Fraud; Unauthorized Trading; Breach of Fiduciary Duty.” Alleged damages are $433,079.  The matter is currently pending.
  • November 2018 – “Unsuitability; Breach of Fiduciary Duty.” Alleged damages are $1,791,558.  The matter is currently pending.
  • May 2017 – “Customer unhappy with performance of fixed income investment.” The matter settled for $62,250.
  • March 2017 – “Unsuitable recommendations.” The matter settled for $45,000.
  • May 2014 – “EXCESSIVE & IMPROPER COMMISSION CHARGES IN ADDITION TO UNAUTHORIZED TRADING…” The matter settled for $290,000.
  • August 2012 – “OVER CONCENTRATION WITH INADEQUATE PUT COVERAGE.” The matter settled for $81,296.

For a copy of Dennis Mehringer’s CRD, click https://brokercheck.finra.org/individual/summary/722569.

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients.  To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis.  Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities.  Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters.  We can be reached at 800.931.8452 or by email at mwolper@wolperlawfirm.com.

Attorney Matthew Wolper

Attorney Matthew WolperMatt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]