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 to request a free case evaluation.