1.800.931.8452
We can help recover your investment loss. Free consultations, always. CONTACT US

Wolper Law Firm Is Investigating Claims Against Sanctioned Sandlapper Securities Financial Advisor, Austin Dutton, Who Has 13 Customer Complaints And A Regulatory Sanction

The Wolper Law Firm is currently investigating claims against Austin Dutton, a Financial Advisor at Sandlapper Securities in Doylestown, Pennsylvania.  Austin Dutton first entered the securities industry in 1997.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Austin Dutton has been the subject of thirteen (13) customer complaints for alleged sales practice violations and, in July 2017, was sanctioned $200,000 by the State of Pennsylvania.  To have this many disclosures is rarely seen in the brokerage industry.

https://brokercheck.finra.org/individual/summary/2739167#disclosuresSection

Austin Dutton has a long history of customer complaints, employment separations and regulatory investigations.  In July 2017, Austin Dutton was sanctioned $200,000 by the State of Pennsylvania for the following alleged misconduct:

“Dutton recommended the purchase of a security to at least one customer without reasonable grounds to believe that the transaction was suitable for the customer. Dutton engaged in dishonest or unethical practices in the securities business by recommending to a customer the purchase, sale, or exchange of a security without reasonable grounds to believe that the transaction or recommendation was suitable for the customer based upon reasonable inquiry concerning the customer’s investment objectives, financial situation and needs and other relevant information known by the agent. This Order does not constitute a final order based on violations of any laws or regulations that prohibit fraudulent, manipulative or deceptive conduct.”

In addition, Austin Dutton has been the subject of myriad customer complaints, including eleven that are pending:

  • June 2018—“Claimant alleges sale of unsuitable securities, negligence, breach of fiduciary duty and failure to supervise.” Alleged damages are $100,000.
  • May 2018—“Claimant alleges unsuitable investments in his account resulted in damages.” Alleged damages are $130,000.
  • May 2018—“Claimant alleges sale of unsuitable securities, negligence, breach of fiduciary duty.” Alleged damages are $225,000.
  • April 2018—“Claimant alleges sale of unsuitable securities, negligence, breach of fiduciary duty and failure to supervise.” Alleged damages are $500,000.
  • December 2017—“Claimant alleges sale of unsuitable securities, misrepresentations and omissions of material facts… Alleged damages are $150,000.
  • December 2017—“Claimant alleges sale of unsuitable securities, misrepresentations and omissions of material facts… Alleged damages are $230,000.

For a full recitation of his complaint history, please click on the BrokerCheck link above.

On June 24, 2018, Sandlapper Securities was featured in a Wall Street Journal article for, in part, their hiring and retention of Financial Advisors with histories of regulatory infractions and customer complaints.

https://www.wsj.com/articles/firms-with-troubled-brokers-are-often-behind-sales-of-private-stakes-1529838000?mod=searchresults&page=1&pos=1

If you or someone you know was a customer of Austin Dutton or Sandlapper Securities and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@67.43.6.64 to discuss your specific situation and the legal options available.  The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.

Now is the time to talk to an investment loss recovery lawyer. We can help recover your investment loss. Free consultations, always.

Main Office - Fort Lauderdale

1250 S. Pine Island Road
Suite 325
Plantation, FL 33324
Phone: (800) 931-8452
(954)-406-1231

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis

Additional Office Locations (by appointment only)

Atlanta

3355 Lenox Road
Suite 7
Atlanta, GA 30326

Indianapolis

13295 N. Illinois St.
Suite 314
Indianapolis, IN 46032

New York City

275 Madison Avenue
Suite 705
New York, NY 10016

Dallas

3102 Maple Ave.
Suite 400
Dallas, TX 75201

Irvine

2600 Michelson Drive
Suite 1700
Irvine, CA 92612

Portland

5933 NE Win Sivers Drive
Suite 205
Portland, OR 97220

Denver

7900 E. Union Ave.
Suite 1100
Denver, CO 80237

Naperville

1700 Park Street
Suite 103
Naperville, IL 60563

Seattle

1001 Fourth Ave.
#3200
Seattle, WA 98154

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis