Did you lose money investing with Dee Dee Brooks (a/k/a Doris Brooks, Doris Takooshian, Dee Dee Takooshian) (CRD# 2559233)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Dee Dee Brooks (a/k/a Doris Brooks, Doris Takooshian, Dee Dee Takooshian). If you suffered losses investing with Dee Dee Brooks (a/k/a Doris Brooks, Doris Takooshian, Dee Dee Takooshian), then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of June 15, 2020, Dee Dee Brooks (a/k/a Doris Brooks, Doris Takooshian, Dee Dee Takooshian)’s FINRA BrokerCheck Report contains the following:
BARRED: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
Disclosure Events
1 Customer Dispute(s)
1 Regulatory Event(s)
SeeFINRA Letter of Acceptance, Waiver and Consent No. 2018058983601
1 Employment Separation After Allegations
UPDATE 9/4/2020: According to FINRA’s August 2020 Disciplinary Actions: “Dee Dee Brooks (CRD #2559233, Huntington Beach, California) June 9, 2020 – An AWC was issued in which Brooks was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Brooks consented to the sanction and to the entry of findings that she engaged in private securities transactions without providing prior notice to or obtaining approval from her member firm. The findings stated that Brooks solicited investors to purchase more than $1.77 million in securities in a purported real estate investment fund and in a company representing itself as a structured cash flow investment company. Brooks, through an entity that she worked with as an outside business, solicited investors, over half of whom where customers of her firm, to invest $906,497 in the real estate investment fund’s promissory notes. Later, the fund filed a voluntary Chapter 11 bankruptcy petition. In a lawsuit brought by the Securities and Exchange Commission, the U.S. District Court for the Southern District of Florida issued final judgments against, among others, the fund and its former owner. Those judgments required the fund and its owner to, among other things, disgorge their ill-gotten gains and pay a civil penalty. In addition, Brooks sold $866,895 in company purchase agreements to investors, most of whom were firm customers. Later, the investment company ceased business, owing nearly $300 million in unpaid investor payments. In a subsequent indictment, the U.S. charged the investment company and its owner with conspiracy to engage in mail and wire fraud related to the investment company’s operations. (FINRA Case #2018058983601)
Current and Previous Registrations
07/31/2015 – 06/07/2018 SIGNATOR INVESTORS, INC. (CRD#:468) HUNTINGTON BEACH, CA
04/01/2009 – 07/31/2015 SCF SECURITIES, INC. (CRD#:47275) HUNTINGTON BEACH, CA
07/23/2015 – 07/23/2015 SIGNATOR INVESTORS, INC. (CRD#:468) IRVINE, CA
08/14/2003 – 04/07/2009 LINCOLN FINANCIAL SECURITIES CORPORATION (CRD#:3870) HUNTINGTON BEACH, CA
08/01/2000 – 12/31/2002 PMG SECURITIES CORPORATION (CRD#:27107) ELGIN, IL
01/21/1999 – 08/01/2000 INVESTORS BROKERAGE SERVICES, INC. (CRD#:4257) ELGIN, IL
04/17/1997 – 12/31/1998 WMA SECURITIES, INC. (CRD#:32625) DULUTH, GA
02/14/1995 – 01/22/1996 NYLIFE SECURITIES INC. (CRD#:5167) NEW YORK, NY
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Dee Dee Brooks (a/k/a Doris Brooks, Doris Takooshian, Dee Dee Takooshian) and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
