GunnAllen Financial, Inc.
Reclaim Your Losses from Investment Fraud
GunnAllen Financial was an investment banking firm with a nationwide presence,
founded in 1986 by Richard Allen Frueh and Jay Gunn. Operating primarily
as a retail securities brokerage firm, GunnAllen Financial's corporate
headquarters was located in Tampa, Florida. The firm had 600+ independent
financial professionals and is licensed to sell securities in all states.
As of November 1st, 2010, GunnAllen Financial, Inc. was liquidated and ceased operations.
Fraudulent Behavior at GunnAllen
Perhaps the greatest failure in the history of GunnAllen Financial, Inc.
was the lack of supervision over GunnAllen broker Frank Bluestein, who
cheated nearly 1,000 clients and steered investors into a $475 million
Ponzi scheme that was discovered in 2007. As a result, clients’ accounts were
moved to Ridge Clearing & Outsourcing Solutions, Inc., but GunnAllen
eventually dissolved under the weight of the lawsuits and claims that
resulted from Bluestein’s schemes.
Once licensed by the Financial Industry Regulatory Authority (FINRA), GunnAllen
Financial, Inc. was obligated to ensure that its brokers were providing
financial advice in the interests of the investors that obeyed the laws
of the securities industry. If a client incurs losses due to the negligent
action of a broker, the firm can be held legally liable for the client’s losses.
Recuperating Losses Caused by Investment Misconduct
If you have suffered damages as a result of the actions of GunnAllen investment
brokers, you may be able to recover your losses and affirm your rights
as an investor. Meyer Wilson conducts arbitration through FINRA and the
America Arbitration Association (AAA) on behalf of clients nationwide
and around the world who have lost investments unjustly to US brokerage
firms. We have the experience to take on large investment firms for our
clients – we have helped over 800 clients recover hundreds of millions
of dollars from broker misconduct.
To determine whether you have a case against GunnAllen Financial, Inc.
for your losses, call us toll-free or complete our online form for a
free case evaluation.