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

Alfred Weaver is a Massachusetts based securities broker. He has worked in the securities industry for fifty-one years. During his career, he has been registered with six different securities firms.

His Registrations

  • Paine, Webber, Jackson & Curtis Incorporated (1968-1984)
  • E.F. Hutton & Company (1984-1988)
  • Lehman Brothers Inc. (1988-1993)
  • Citigroup Global Markets (1993-2009)
  • Morgan Stanley (2009-2012)
  • Ameriprise Financial Services (2012-Present)

The Allegations

  • In November 2000, a customer alleged that Alfred Weaver recommended unsuitable investments.
  • In July 2001, a customer alleged that Alfred Weaver recommended unsuitable investments, breached contract, breached his fiduciary duty, and managed their account negligently. This case was settled for $35,000 in damages.
  • In October 2018, a customer alleged that Alfred Weaver made mistakes when filling out the beneficiary designations on her accounts. This case was settled for $14,000 in damages.

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 Alfred Weaver, 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.