The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Richard Seefried. According to his publicly available FINRA BrokerCheck report, Richard Seefried has been the subject of a FINRA sanction.
Richard Seefried was a Colorado based securities broker. He worked in the securities industry for thirty-five years. During his career, he was registered with nine different securities firms.
His Registrations
- Dillon Securities (1982-1983)
- Dean Witter Reynolds (1982-1984)
- RCL Northwest (1984-1991)
- Global Capital Securities Corporation (1991-2001)
- Schneider Securities (2001-2002)
- J.P. Turner & Company (2002)
- Paulson Investment Company (2002-2006)
- GVC Capital (2007-2013)
- Spencer Edwards (2013-2017)
The Allegations
Richard Seefried was officially sanctioned by FINRA in December of 2017. The findings in this matter state that he allegedly recommended the purchases of convertible notes without a reasonable basis to conclude they were suitable for investors. Due to these allegations, he had to pay $10,000 in fines, $13,600 in disgorgement, and was suspended by FINRA from acting as a securities broker for a period of thirty days.
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 Richard Seefried, please contact Oakes & Fosher for a free and private consultation.
