Klayman Toskes | Former Hilltop Securities Broker Dennis Ayre Barred from Securities Industry
Summary
Ayre was most recently registered with Hilltop Securities from August 2019 to July 2020, per his FINRA BrokerCheck. Per a January 2022 Financial Industry Regulatory Authority (“FINRA”) Letter of Acceptance, Waiver & Consent, Ayre consented to a bar from associating with any FINRA member in all capacities for refusing to appear to provide on-the-record testimony relating to the regulator’s investigation into the suitability of certain investment recommendations Ayre made to customers while he was registered with FINRA. If FINRA’s Department of Enforcement has reason to believe a violation has occurred and the member or associated person does not dispute the violation, the Department of Enforcement may prepare and request that the member or associated person execute a letter accepting a finding of violation, consenting to the imposition of sanctions, and agreeing to waive such member’s or associated person’s right to a hearing before a Hearing Panel or, if applicable, an Extended Hearing Panel, and any right of appeal to the National Adjudicatory Council, the SEC, and the courts, or to otherwise challenge the validity of the letter, if the letter is accepted. Former customers of Dennis Phillip Ayre with losses in excess of $250,000, and those who have information relating to the manner in which he handled customer accounts, are encouraged to contact Lawrence L. Klayman, Esq., at 888-997-9956, and download our Special Investor Report. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.