Investors Sue Dawson James For Excessive Trading


Peter George Ruggiere
of Boca Raton Florida a stockbroker currently registered with Dawson James Securities Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $80,013.13 in damages supported by accusations that (1) excessive stock trades were effected in the customer’s account (2) risks or other details of Ruggiere’s trading were misrepresented which induced the customer’s acquiescence to the transactions and (3) transactions Ruggiere recommended while associated with Dawson James failed to be suitable for the customer and caused the customer to suffer undue losses. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02658 (July 30, 2018).

FINRA Public Disclosure confirms that Ruggiere has been referenced in four additional customer initiated investment related disputes containing allegations of his violative conduct while employed with Josephthal Co. Inc., Dawson James and Newbridge Securities. Specifically, Ruggiere is the subject of a customer initiated investment related arbitration claim where the customer was awarded compensatory damages based upon Ruggiere being found liable for effecting trades in the customer’s account without the customer’s knowledge or consent; making false or misleading statements in regard to options transactions; and executing unsuitable purchases or sales.

Another customer filed an investment related complaint regarding Ruggiere’s conduct in which the customer sought $75,000.00 in damages based upon accusations that common and preferred stock trades had been executed in the customer’s account on an excessive basis; and the customer’s account was churned while Ruggiere was employed by Newbridge Securities Corp. Ruggiere is also the subject of a customer initiated investment related complaint where the customer requested $98,785.00 in damages supported by accusations of inappropriate margin-based transactions and unsuitable mutual fund trading which led the customer to experience unwarranted losses.

On November 7, 2017, another customer filed an investment related complaint regarding Ruggiere’s activities in which the customer sought $34,869.00 in damages founded on allegations of false or misleading statements made by Ruggiere from May of 2016 to November of 2017 in regard to the stock trades placed in the customer’s Dawson James brokerage account.