Advisor Alert: Our Attorneys Are Investigating Dennis Patrick Thurman For Investment Fraud
Did You Lose Money Because of Dennis Thurman?
Filed: March 15, 2024
Dennis Thurman currently has two (2) pending judgment/lien events. Overall, he has been the subject of one (1) customer complaint and two two (2) judgment/lien events. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Dennis Patrick Thurman.
Who Is Dennis Patrick Thurman of Arete Wealth Advisors, LLC and Arete Wealth Management, LLC?
- Advisor Name: Dennis Patrick Thurman
- Aliases: Dennis Patrick Thurman
- CRD: 2342398
- Location: Sioux Falls, South Dakota and Chicago, Illinois
- Current Employer: Arete Wealth Advisors, LLC and Arete Wealth Management, LLC
- Previous Firms: First Allied Advisory Services, Inc. and First Allied Securities, Inc.
- Number of Known Customer Complaints: 1
- Number of Known Judgment/Lien Events: 2
- Can Dennis Thurman Be Sued: Yes, in Private Arbitration
- Can Dennis Thurman’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $100,000
- Highest Settlement: $60,000
If you have suffered investment losses by Dennis Thurman, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Dennis Thurman For Broker Misconduct
As of this publication date, Dennis Thurman has been the subject of 1 customer dispute and 2 judgment/lien events. Let’s review it below.
In December 2023, Dennis Thurman was the subject of a civil judgment or lien in the amount of $192,488.01. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In October 2022, a FINRA arbitration was filed against or in reference to Dennis Thurman by multiple customers of Arete Wealth Management, LLC alleging unsuitable investment recommendations in 2019. Per the customers, they lost over $100,000 because of Mr. Thurman’s actions. On January 23, 2024, Mr. Thurman settled the claim for $60,000, and some or all of this amount may have been paid by Mr. Thurman’s employer and/or insurance carrier.
In August 2017, Dennis Thurman was the subject of a civil judgment or lien in the amount of $75,735. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
How To File A Claim Against Dennis Thurman of Arete Wealth Advisors, LLC and Arete Wealth Management, LLC (previously with First Allied Advisory Services, Inc. and First Allied Securities, Inc.) To Get Your Money Back
If you have questions about Dennis Thurman, Arete Wealth Advisors, LLC, Arete Wealth Management, LLC, First Allied Advisory Services, Inc., First Allied Securities, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.