The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Bradley Freimark. According to his publicly available FINRA BrokerCheck report, Bradley Freimark has been the subject of multiple disputes.
Bradley Freimark was a Minnesota based securities broker. He worked in the securities industry for eighteen years. During his career, he was registered with four different securities firms. He is no longer working as a registered securities broker in any fashion.
His Registrations
- Walnut Street Securities (1997)
- Mony Securities Corporation (1998-1999)
- The Lincoln National Life Insurance Company (1993-2000)
- Proequities, Inc. (2000-2015)
The Allegations
- In August 2013, customers alleged that Bradley Freimark recommended they invest in multiple speculative private investments for which they were not suited for given the investments’ illiquidity and high risk. The customers also alleged that Bradley Freimark breached his fiduciary duty, breached contract, and handled their account negligently. This case was settled for $90,000 in damages.
- In December 2014, a customer alleged that Bradley Freimark provided him with misleading information regarding particular investments. The customer further alleged that these investments were unsuitable for him due to his age, financial circumstances, and needs. This case is currently pending. The customer is seeking $300,000 in damages.
- In November 2015, a customer alleged that Bradley Freimark handled their account negligently, committed fraud, breached his fiduciary duty, breached contract, and violated industry rules. The customer alleged that investments recommended by Bradley Freimark were unsuitable given their risk tolerance, investment objectives, and age. This case was settled for $52,000 in damages.
- In March 2016, customers alleged that the recommendations they received from Bradley Freimark were improper and materially misleading. The customers claim that the investments were inappropriate given their investment needs and risk tolerance. This case was settled for $108,000 in damages.
These are just some of the complaints that Bradley Freimark has been the subject of regarding private, illiquid, and high-risk investments that he invested multiple customers in.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Bradley Freimark, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.
