Dennis Allen Hayes Allegedly Purchased Securities Issued by Privately Held Companies & Facilitated  Said Investments without Providing Prior Written Notice to his Firm

Dennis Hayes allegedly purchased securities issued by privately held companies and facilitated said investments without providing prior written notice to his firm regarding his participation in private securities transactions, according to a Pending Regulatory Action disclosed on Hayes’ FINRA BrokerCheck Report under review by investor rights attorney Alan Rosca.

Said Regulatory Action was filed on January 11, 2019 on Daniel Hayes’ FINRA BrokerCheck Report.

The aforementioned complaint alleges that the principal of the companies was a friend of Hayes‘ family and that he purportedly obtained approximately $130,000 from some of the companies, or their affiliate, FINRA notes. The complaint further alleges that Hayes caused his firm to fail to preserve books and records by using personal email addresses to communicate with customers about their firm accounts and communicating via text message with one firm customer about her firm account, FINRA states.

Hayes also allegedly did not provide these communications to the firm. Therefore, the firm reportedly could not review or retain this securities related correspondence, FINRA notes. The complaint further alleges that Hayes failed to provide information and documents in response to requests FINRA made related to complaints that customers made about his handling of their investments, FINRA reports.

Securities attorney Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Dennis Hayes’s alleged private securities transactions. Investors who believe they may have lost money in activity related to Dennis Hayes’ alleged private securities transactions are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Dennis Hayes Allegedly Engaged in Acts of Unsuitability, Misrepresentations/Omissions, Negligence, Violations of FINRA Rules, & Failure to Supervise

Dennis Hayes allegedly engaged in acts of unsuitability, misrepresentations/omissions, negligence, violations of FINRA rules, and failure to supervise, according to a Pending Regulatory Action disclosed on Hayes’ FINRA BrokerCheck Report.

Said Regulatory Action was filed on November 26, 2018 on Daniel Hayes’ FINRA BrokerCheck Report.

Hayes has reportedly worked at the following firms:

  • Salomon Whitnet Financial, Melville, NY— April 25, 2017 to April 27, 2017
  • Newbridge Securities Corporation, Boca Raton, FL— February 16, 2010 to September 16, 2016

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.

Securities Lawyer Investigating

The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related misconduct and are currently investigating Dennis Hayes’s alleged private securities transactions. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of Dennis Hayes’s alleged private securities transactions may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at rosca@lawgsp.com, or through the contact form on this webpage.

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In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent updates regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.