GunnAllen Financial, Inc.

GunnAllen Financial, Inc. was founded as an independent broker/dealer in 1986. The company is headquartered in Tampa, Florida, and has 800 independent financial professionals in offices across the nation. GunnAllen Financial claims to offer individual attention to investors.

GunnAllen’s Growth Comes Under Scrutiny

According to Registered Representative Magazine, GunnAllen Financial, in Tampa, Fla., had been in business for six years and had about 200 brokers and $1.2 billion in assets. Its founders then went “into overdrive,” recruiting producing brokers from other firms willing to move to an firm that offered the freedom to run their businesses as they chose. Three years later, GunnAllen had over 900 reps and $5.8 billion in assets. But along with all that growth, GunnAllen acquired something else — a reputation for hiring a relatively high proportion of reps with reported regulatory problems, and some even with criminal complaints. Nearly 5% percent of GunnAllen brokers were under “enhanced supervision” because they had three or more marks on their regulatory records. These marks would include customer complaints.

GunnAllen Ordered to Pay $1.8 Million to Investor

A Federal Court in San Francisco ordered GunnAllen Financial, Inc. and its former broker to pay an investor $1.8 million. As part of the award, GunnAllen was ordered to pay the client almost $1.5 million in punitive damages for claims which included “churning” the client’s account for commissions.

If you suffered investment losses, please contact us or communicate with a Dimond Kaplan & Rothstein, P.A. attorney at 888-578-6255 or for a free case evaluation.

EN   ES   PT     

Miami Office
Grand Bay Plaza
2665 S. Bayshore Drive
Penthouse 2B
Miami, FL 33133
Telephone: 786.628.8236

Los Angeles Office
Available by Appointment
2029 Century Park East
Century Plaza Tower
Suite 400N
Los Angeles, CA 90067
Telephone: 424.544.7930

New York City Office
Available by Appointment
14 Wall St, 20th Floor
New York, NY 10005
Telephone: 917.382.5217

West Palm Beach Office
Northbridge Centre
515 N. Flagler Drive, Suite P-300
West Palm Beach, FL 33401
Telephone: 561.475.2887

Detroit Office
41000 Woodward Avenue,
Suite 350 East
Bloomfield Hills, Mi 48304
Telephone: 248.368.0182