Los Angeles Broker Dennis Ayre Barred by FINRA following Foresight Energy Complaints


FINRA recently announced that Dennis Ayre (CRD 5365176) was permanently barred for failing to cooperate in an investigation following complaints over Foresight Energy.  Ayre was last registered with Hilltop Securities in Beverly Hills.  Prior to that he was registered at Oppenheimer & Co., Inc.  and Integrated Advisors Network. The following information is based on records received from FINRA on March 17, 2022.

If you or someone you know lose money investing with Dennis Ayre, please call us at 800-767-8040 for a free and confidential consultation.  Our attorneys have decades of experience and have helped investors recover over $100 million in investment losses.

Complaints Related to Foresight Energy L.P.

According to FINRA, Dennis Ayre is currently the subject of five pending investor arbitrations.  The complaints seek many millions of dollars related to Ayre’s overconcentration of their accounts in Foresight Energy LP.  According to FINRA, some of the investors purchased Foresight Energy while Ayre was associated with Oppenheimer and Integrated Advisors Network.  One investor is seeking over $5 million in damages and another is seeking $1 million.  

FINRA: Dennis Ayre’s Clients Already Paid over $2 Million in Settlements

According to records from FINRA, some investors have already been paid settlements based on Dennis Ayre’s recommendation of Foresight Energy LP.  These settlements already exceed $2 million in total according to public records reviewed by MDF Law.

Dennis Ayre’s Prior Affiliations

Dennis Ayre was based in Los Angeles, California and was affiliated with a number of financial institutions over the years.  Here is a summary of his affiliations:

AffiliationDates Affiliated
Hilltop Securities Inc.August 22, 2019 – July 6, 2020
Integrated Advisors Network LLCApril 21, 2017 – August 1, 2019
Oppenheimer & Co., Inc.March 4, 2014 – May 4, 2017
Merrill LynchSeptember 16, 2011 – March 4, 2014

Did You Lose Money Investing?

You may be able to pursue a claim related to your investment in Foresight Energy if any of the following apply to you:

  • Your account was not well-diversified and was concentrated in a small number of securities or sectors (i.e. energy stocks).
  • You could not afford to lose the money you invested.
  • You were not updated about activity in your account.

Public Bar of Dennis Ayre

Process for Suing Your Financial Advisor

Next Steps For Investors

If you or someone you know lost money investing with Dennis Ayre, please call MDF Law at 800-767-8040 for a free and confidential consultation.  You can also complete the form below.

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