Securities Arbitration Lawyers BlogHugh M. Dyson, Jr. Suspended and Ordered To Pay $740,000 In Restitution
Long-time investment broker permanently suspended from any FINRA activity and ordered to pay restitution.
Hugh Monroe Dyson, Jr. was issued a final suspension in August, 2015 and ordered to pay $740,000 (plus interest) in restitution to clients that he solicited to invest in his business, Keypoint Oil, and misrepresented how he used their investments.
FINRA found that over a period of nearly 20 years between 1992-2011, Mr. Dyson solicited more than $740,000 in funds from clients of Ameriprise Financial Services in Raleigh, NC and other former securities customers. He claimed that these investments would be used for oil and gas extraction.