The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Andrew Berleth. According to his publicly available FINRA BrokerCheck report, Andrew Berleth has been the subject of a customer dispute in his career.

Andrew Berleth is a California based securities broker. He has worked in the securities industry for thirty-four years. During his career, he has been registered with five different securities firms.

His Registrations

  • The Equitable Life Assurance Society of the United States (1986-1995)
  • The Equico Securities (1986-1995)
  • Advantage Capital Corporation (1995-1996)
  • Tower Square Securities (1996-2003)
  • MML Investors Services (2003-Present)

The Allegations

In May 2018, a customer alleged that her signature was forged on a variable annuity application by Andrew Berleth. The customer also alleged that the details regarding the annuity were misrepresented. This case was settled for $135,488 in damages.

Misrepresentation

Misrepresentation is a very serious charge, as it can often result in very serious financial harm to an investor. Essentially, misrepresentation occurs when a securities broker provides an investor with information that has been falsified or obscured in some manner. This can be either on purpose, in an attempt to defraud the investor, or by accident through the broker’s negligence.  Regardless of the broker’s intent, misrepresentation can cause significant losses in an investor’s account as it can lead to them making crucial financial decisions based on misinformation.

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 Andrew Berleth, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.