DONALD JAMES GUNN is currently employed as a Broker and/or Investment Adviser at INTERNATIONAL ASSETS ADVISORY, LLC located at 8309 GUNN HIGHWAY, SUITE 430, TAMPA, FL, 33626.
DONALD JAMES GUNN has worked at INTERNATIONAL ASSETS ADVISORY, LLC since October 19, 2011
Disclosure History
DONALD JAMES GUNN has 8 Disclosure Event(s).
Date: September 12, 2013 Category: Financial Type: Bankruptcy Disposition: Discharged Regulator Statement: Proceedings in FINRA Arbitration Case #12-02785, #13-02046 and #13-02166 against Donald James Gunn Jr. were stayed by Bankruptcy proceedings in United States Bankruptcy Court, Florida Middle - Tampa, Case #13-12125. Broker Comment: ON 12/1/2015 THIS CASE WAS CONVERTED FROM CHAPTER 11 TO A CHAPTER 7. ALL OTHER INFORMATION REMAINS THE SAME. ON MARCH 10, 2016, THE DEBTOR WAS GRANTED A DISCHARGE UNDER SECTION 727 OF TITLE 11, UNITED STATES CODE, (THE BANKRUPTCY CODE).
Date: July 24, 2013 Category: Customer Dispute Allegations: STATEMENT OF CLAIM ALLEGES; EXCESSIVE AND UNNECESSARY CONCENTRATED POSITIONS IN VOLATILE PENNY STOCKS WITH NO DOWNSIDE PROTECTION, FALSE AND MISLEADING STATEMENTS, FRAUD, NEGLIGENT MISREPRESENTATION, BREACH OF FIDUCIARY DUTY, AND NEGLIGENT SUPERVISION. STATEMENT OF CLAIM ALLEGES $250,000 IN DAMAGES. Damage Amount Requested: $250,000.00 Settlement Amount: $52,500.00 Broker Comment: MR. GUNN WAS NOT THE PRIMARY REPRESENTATIVE FOR CLAIMANTS' ACCOUNTS. MR. GUNN HAD FEW, IF ANY, DEALINGS WITH CLAIMANTS REGARDING THEIR INVESTMENTS. MR. GUNN WAS INCLUDED IN THIS ARBITRATION BECAUSE HE WAS LISTED AS A JOINT REPRESENTATIVE FOR CLAIMANTS' ACCOUNTS. ALL OF THE STOCKS CLAIMANTS PURCHASED WERE CONSISTENT WITH THEIR WRITTEN AND AFFIRMED OBJECTIVES OF LONG-TERM GROWTH AND SPECULATION. THE STOCKS INVESTED TRADED ON MAJOR EXCHANGES AND WERE NOT PENNY STOCKS AS CLAIMANTS ASSERTED. CLAIMANTS AVERAGED MORE THAN TEN CONTACTS EVERY WEEK WITH THE PRIMARY REPRESENTATIVE (NOT MR. GUNN) DURING THE RELATIONSHIP AT IAA. CLAIMANT FULLY INFORMED HIMSELF ABOUT THE STOCKS, INCLUDING IN SOME CASES SPEAKING DIRECTLY WITH OFFICERS OF THE COMPANIES HE INVESTED IN. CLAIMANT TRADED THE SAME AND SIMILAR STOCKS IN A SELF-DIRECTED ACCOUNT HELD AWAY FROM IAA, DURING THE SAME TIME HE TRADED AT IAA. MR. GUNN DENIES ALL ALLEGATIONS IN THEIR ENTIRETY. IAA AND ITS INSURER MADE THE BUSINESS DECISION TO SETTLE THE CASE AND SETTLED FOR LESS THAN COST OF DEFENSE. MR. GUNN INTENDS TO SEEK EXPUNGEMENT OF THIS ARBITRATION.
Date: April 26, 2010 Category: Financial Type: Bankruptcy
Date: April 07, 2010 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE FAILURE TO TREAT IN A JUST AND EQUITABLE MANNER, BREACH OF CONTRACT, BREACH OF FIDUCIARY DUTY, NEGLIGENCE, AND FAILURE TO SUPERVISE IN RELATION TO PROVIDENT ROYALTIES, LLC INTERESTS THEY PURCHASED FROM REPRESENTATIVE(S) OF GUNNALLEN, INC. (NOT MR. GUNN). MR. GUNN IS NAMED AS A RESPONDENT IN THIS MATTER SOLELY BECAUSE OF HIS ROLE AS PRESIDENT, A ROLE WHICH REFLECTED HIS OWNERSHIP AND STATUS AS COFOUNDER OF THE FIRM. AT NO TIME DID MR. GUNN HAVE ANY DEALINGS DIRECTED AT OR INVOLVING THE CLAIMANTS, OR WITH PROVIDENT ROYALTIES, LLC. Damage Amount Requested: $1,145,000.00 Settlement Amount: $14,849.77 Broker Comment: MR. GUNN IS NOT THE DIRECT SUBJECT OF THIS LITIGATION WHICH PERTAINS TO FORMER REPRESENTATIVE(S) OF GUNNALLEN FINANCIAL, INC. MR. GUNN IS NAMED AS A RESPONDENT IN THIS MATTER SOLELY BECAUSE OF HIS ROLE AS PRESIDENT, A ROLE WHICH REFLECTED HIS OWNERSHIP AND COFOUNDER OF THE FIRM. AT NO TIME DID MR. GUNN HAVE ANY DIRECT OR INDIRECT RESPONSIBILITY TO SUPERVISE REPRESENTATIVES. AT NO TIME DID MR. GUNN HAVE ANY DEALINGS DIRECTED AT OR INVOLVING THE CLAIMANTS, OR WITH PROVIDENT ROYALTIES, LLC.
Date: April 06, 2010 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE UNSUITABLE INVESTMENTS, FRAUD, NEGLIGENCE, AND FAILURE TO SUPERVISE IN RELATION TO PROVIDENT ROYALTIES, LLC INTERESTS THEY PURCHASED FROM THE REPRESENTATIVE (NOT MR. GUNN) WHO IS THE DIRECT SUBJECT OF THIS LITIGATION. MR. GUNN IS NAMED AS A RESPONDENT IN THIS MATTER SOLELY BECAUSE OF HIS ROLE AS PRESIDENT, A ROLE WHICH REFLECTED HIS OWNERSHIP AND STATUS AS A FOUNDER OF THE FIRM. AT NO TIME DID MR. GUNN HAVE ANY DEALINGS DIRECTED AT OR INVOLVING THE CLAIMANTS, OR WITH PROVIDENT ROYALTIES, LLC. Damage Amount Requested: $1,395,000.00 Settlement Amount: $13,948.48 Broker Comment: MR. GUNN IS NOT THE DIRECT SUBJECT OF THIS LITIGATION WHICH PERTAINS TO A FORMER REPRESENTATIVE OF GUNNALLEN FINANCIAL, INC. MR. GUNN IS NAMED AS A RESPONDENT IN THIS MATTER SOLELY BECAUSE OF HIS ROLE AS PRESIDENT, A ROLE WHICH REFLECTED HIS OWNERSHIP AND A FOUNDER OF THE FIRM. AT NO TIME DID MR. GUNN HAVE ANY DIRECT OR INDIRECT RESPONSIBILITY TO SUPERVISE THE SUBJECT REPRESENTATIVE. AT NO TIME DID MR. GUNN HAVE ANY DEALINGS DIRECTED AT OR INVOLVING THE CLAIMANTS, OR WITH PROVIDENT ROYALTIES, LLC.
Date: March 03, 2010 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE FAILURE TO TREAT IN A JUST AND EQUITABLE MANNER, BREACH OF CONTRACT, BREACH OF FIDUCIARY DUTY, AND FAILURE TO SUPERVISE IN RELATION TO PROVIDENT ROYALTIES, LLC INTERESTS THEY PURCHASED FROM REPRESENTATIVE(S) OF GUNNALLEN, INC. (NOT MR. GUNN). MR. GUNN IS NAMED AS A RESPONDENT IN THIS MATTER SOLELY BECAUSE OF HIS ROLE AS PRESIDENT, A ROLE WHICH REFLECTED HIS OWNERSHIP AND STATUS AS COFOUNDER OF THE FIRM. AT NO TIME DID MR. GUNN HAVE ANY DEALINGS DIRECTED AT OR INVOLVING THE CLAIMANTS, OR WITH PROVIDENT ROYALTIES, LLC. Damage Amount Requested: $1,842,000.00 Settlement Amount: $12,339.04 Broker Comment: MR. GUNN IS NOT THE DIRECT SUBJECT OF THIS LITIGATION WHICH PERTAINS TO FORMER REPRESENTATIVE(S) OF GUNNALLEN FINANCIAL, INC. MR. GUNN IS NAMED AS A RESPONDENT IN THIS MATTER SOLELY BECAUSE OF HIS ROLE AS PRESIDENT, A ROLE WHICH REFLECTED HIS OWNERSHIP AND COFOUNDER OF THE FIRM. AT NO TIME DID MR. GUNN HAVE ANY DIRECT OR INDIRECT RESPONSIBILITY TO SUPERVISE REPRESENTATIVES. AT NO TIME DID MR. GUNN HAVE ANY DEALINGS DIRECTED AT OR INVOLVING THE CLAIMANTS, OR WITH PROVIDENT ROYALTIES, LLC.
Date: February 22, 2010 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE FAILURE TO TREAT IN A JUST AND EQUITABLE MANNER, BREACH OF CONTRACT, BREACH OF FIDUCIARY DUTY, NEGLIGENCE, AND FAILURE TO SUPERVISE IN RELATION TO PROVIDENT ROYALTIES, LLC INTERESTS THEY PURCHASED FROM REPRESENTATIVE(S) OF GUNNALLEN, INC. (NOT MR. GUNN). MR. GUNN IS NAMED AS A RESPONDENT IN THIS MATTER SOLELY BECAUSE OF HIS ROLE AS PRESIDENT, A ROLE WHICH REFLECTED HIS OWNERSHIP AND STATUS AS COFOUNDER OF THE FIRM. AT NO TIME DID MR. GUNN HAVE ANY DEALINGS DIRECTED AT OR INVOLVING THE CLAIMANTS, OR WITH PROVIDENT ROYALTIES, LLC. Damage Amount Requested: $330,000.00 Settlement Amount: $3,862.66 Broker Comment: MR. GUNN IS NOT THE DIRECT SUBJECT OF THIS LITIGATION WHICH PERTAINS TO FORMER REPRESENTATIVE(S) OF GUNNALLEN FINANCIAL, INC. MR. GUNN IS NAMED AS A RESPONDENT IN THIS MATTER SOLELY BECAUSE OF HIS ROLE AS PRESIDENT, A ROLE WHICH REFLECTED HIS OWNERSHIP AND COFOUNDER OF THE FIRM. AT NO TIME DID MR. GUNN HAVE ANY DIRECT OR INDIRECT RESPONSIBILITY TO SUPERVISE REPRESENTATIVES. AT NO TIME DID MR. GUNN HAVE ANY DEALINGS DIRECTED AT OR INVOLVING THE CLAIMANTS, OR WITH PROVIDENT ROYALTIES, LLC.
Date: January 10, 1996 Category: Regulatory Initiated By: FLORIDA DIVISION OF SECURITIES AND INVESTORPROTECTION Allegations: ON JANUARY 10, 1996, THE FLORIDA DEPARTMENTOF BANKING AND FINANCE ISSUED AN ADMINISTRATIVE COMPLAINT FORIMPOSITION OF ADMINISTRATIVE PENALTIES AND NOTICE OF INTENT TOISSUE CEASE AND DESIST ORDER WITH NOTICE OF RIGHTS AGAINSTDONALD JAMES GUNN, JR ALLEGING VIOLATIONS OF CHAPTER 517,FLORIDA STATUTES, AND THE RULES PROMULGATED THEREUNDER("COMPLAINT"). GUNN SUBSEQUENTLY REQUESTED THAT A FORMALHEARING BE CONDUCTED ON THE ALLEGATIONS IN THE COMPLAINT. Resolution: Stipulation and Consent Sanction Details: ON AUGUST 19, 1996, THE DEPARTMENT AND GUNNENTERED INTO A STIPULATION AND CONSENT AGREEMENT TO RESOLVE ALLALLEGATIONS OF THE COMPLAINT ("AGREEMENT"). THE AGREEMENTPROVIDES THAT GUNN NEITHER ADMITS NOR DENIES THE ALLEGATIONSCONTAINED IN THE COMPLAINT AND CONSENTS TO ENTRY OF A FINALORDER WITHOUT ANY FINDING EXCEPT AS TO JURISDICTION. THEAGREEMENT ALSO PROVIDES THAT IN NO EVENT SHALL THE FACTS ANDCIRCUMSTANCES AT ISSUE IN THE COMPLAINT CONSTITUTE THE BASISFOR ANY ACTION BY THE DEPARTMENT, INCLUDING THE IMPOSITION OFANY CONDITIONS, RESTRICTIONS, OR LIMITATIONS AGAINST GUNN;HOWEVER, THE DEPARTMENT EXPRESSLY RESERVES ITS RIGHT TO PURSUEANY ADMINISTRATIVE ACTION OR REMEDY AVAILABLE TO IT, SHOULD ACAUSE EXIST FOR SAME. THE AGREEMENT FURTHERMORE PROVIDES THATGUNN WILL COMPLY IN THE FUTURE WITH THE REQUIREMENTS OF CHAPTER517, F.S., AND THE RULES PROMULGATED THEREUNDER, WITHDRAW HISREQUEST FOR A FORMAL HEARING, PAY THE DEPARTMENT'S COSTS IN THEAMOUNT OF $5,000 AND COOPERATE WITH THE DEPARTMENT WITH REGARDTO THE OTHER RESPONDENTS NAMED IN THE COMPLAINT. [FLORIDADOCKET/CASE NO. DBF NO. 2177-S-5/95 DOAH NO. 96-001375] Broker Comment: IDENY EACH & EVERY ALLEGATION BY THE STATE OFFLORIDA, AND PLAN TO VIGOROUSLY DEFEND MYSELF. MY FORMEREMPLOYER, CHATFIELD-DEAN ALSO DENIES THE STATES ALLEGATIONS.
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