Former Newport, Revere rep barred for failure to testify

George Dahl appeared at Finra hearing but did not provide requested testimony

Aug 11, 2017 @ 2:59 pm

By InvestmentNews

+ Zoom

Finra has barred former registered representative George Dahl for failure to provide testimony to its staff at a hearing that was looking into his conduct.

In March 2016, the Financial Industry Regulatory Authority Inc. issued a letter of acceptance, waiver and consent through which Mr. Dahl consented to several findings: that he willfully failed to timely amend his Form U4, performed outside business activities for compensation without providing written notice to his firm, executed unauthorized trades in a customer's account, and caused his employer to maintain inaccurate books and records. At the time, Mr. Dahl was suspended from associating with a Finra member firm in any capacity for nine months and fined $20,000.

(More: Finra bars former AXA rep for failure to appear at hearing)

Mr. Dahl spent 44 years in the securities industry. He was most recently registered with Revere Securities for a year in 2015. Previous registrations include Newport Coast Securities (2010-14), Wedbush Securities (2007-10), Brookstreet Securities (2006-07), the Seidler Cos. (2005-06), RBC Dain Rauscher (2002-05), Sutro & Co. (1998-2002), Smith Barney (1993-98), Lehman Brothers (1984-93), J. David Securities (1983-84), Bateman Eichler Hill Richards (1981-83), Paine Webber Jackson & Curtis (1975-81) and Dean Witter & Company (1971-75).

(More: Finra bars former Edward Jones broker for no-show at hearing on client gifts)

Mr. Dahl is currently not registered with any firm.

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

Inside the financial adviser of the future

What does the financial advisory firm of the future look like? We spoke to some of the best and brightest young minds in the financial services industry at our inaugural Future of Our Business think tank to see what they think.

Latest news & opinion

Will Jeffrey Gundlach's Trump-like approach on Twitter work in financial services?

The DoubleLine CEO's attacks on Wall Street Journal reporters is igniting a discussion on what's fair game on social media.

Fidelity wins arb case against wine mogul but earns a rebuke from Finra

In the case of investor Peter Deutsch, Fidelity doesn't have to pay any compensation, but regulator said firm put its interests ahead of his.

Plaintiffs win in Tibble vs. Edison 401(k) fee case

After a decade of activity around the lawsuit, including a hearing before the U.S. Supreme Court, judge rules a prudent fiduciary would have invested in institutional shares.

Advisers get more breathing room to make Form ADV changes

RIAs can enter '0' in some new parts of the document before their annual filing next year.

Since banking scandal, Wells Fargo advisers with more than $19.2 billion leave firm

Despite a trying year, the firm has said it will sweeten signing bonuses for veteran advisers.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print