The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Alan Dole. According to his publicly available FINRA BrokerCheck report, Alan Dole has been the subject of multiple customer disputes.

Alan Dole is a Virginia based securities broker. He has worked in the securities industry for fifteen years. During his career, he has been registered with four different securities firms.

His Registrations

  • National Planning Corporation (2005)
  • QA3 Financial Corp. (2005-2008)
  • Snaders Morris Harris Inc. (2008-2011)
  • Cambridge Investment Research (2011-Present)

The Allegations

Alan Dole became the subject of two customer disputes in December 2018. Both of these complaints have identical allegations. The customers in these cases alleged that Alan Dole violated the Virginia Securities Act, breached his fiduciary duty, handled their account negligently, breached contract, and violated FINRA rules. The case filed on December 6th, 2018 was settled for $140,000 in damages. The case filed on December 20th, 2018 was settled for $110,000 in damages.

What Does This Mean?

One of the most notable allegations levied against Alan Dole was that of negligence. Broker negligence can harm investors just as much as broker fraud can. The only difference is the broker’s intent. While fraudulent behavior indicates that a broker intentionally perpetrated a scheme meant to enrich themselves at the investor’s expense, negligence implies that a broker’s actions were accidental. Differentiating intent does not matter to an investor’s account, however, as they experience losses just the same whether a broker’s actions were fraudulent or negligent.

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 Alan Dole, 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.