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Denis O’Brien Received a Sanction Following Allegations of Misconduct

Denis O'Brien

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on October 19, 2017 indicate that Connecticut-based Independent Financial Group broker/adviser Denis O’Brien has received a FINRA sanction and customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. O’Brien (CRD# 716498).

Denis O’Brien has spent 36 years in the securities industry and has been registered with Independent Financial Group in Mystic, Connecticut since 2014. Previous registrations include Raymond James Financial Services in Mystic, Connecticut; Morgan Stanley in Mystic, Connecticut; Morgan Stanley & Company in Mystic, Connecticut; Morgan Stanley DW in Mystic, Connecticut; AdVest in Hartford, Connecticut; Oppenheimer & Company; and Hanauer Stern & Company. He has passed six securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 31 (Futures Managed Funds Examination); Series 7 (General Securities Representative Examination); Series 10 (General Securities Sales Supervisor – General Module Examination); and Series 9 (General Securities Sales Supervisor – Options Module Examination). He is a registered broker and investment adviser with 13 US states and territories: California, Connecticut, the District of Columbia, Florida, Maine, Maryland, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, Vermont and Virginia.

According to his BrokerCheck report, he has received two customer complaints and one FINRA sanction.

In 2015 FINRA sanctioned him following allegations that “prior to resigning from his member firm he altered telephone numbers for client accounts in two of the firm’s computer systems without the knowledge or authorization of the affected clients or the firm.” He was issued a 45-day suspension and a fine of $5,000.

In 2013 he was terminated from his position at Raymond James Financial Services “due to his changing client telephone numbers at his prior broker dealer prior to his affiliation with Raymond James.”

In 2011 a customer alleged Denis O’Brien, while employed at Morgan Stanley, recommended unsuitable securities and mismanaged accounts. The complaint settled for $37,500.

In 2008 a customer alleged Denis O’Brien, while employed at Morgan Stanley & Company, executed unauthorized trades of Empire Resources. The complaint settled for $27,500.

If you have lost money investing with Denis O’Brien, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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