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

Andrew Dinkelmeyer is a California based securities broker. He has worked in the securities industry for ten years. During his career, he has been registered with seven different securities firms.

His Registrations

  • Woodstock Financial Group (2009-2011)
  • National Securities Corporation (2011-2014)
  • Scott Trade (2014)
  • Calton & Associates (2014-2015)
  • TCFG Wealth Management (2015-2017)
  • Newbridge Securities Corporation (2017)
  • Center Street Securities (2017-Present)

The Allegations

In March of 2016, a customer alleged that Andrew Dinkelmeyer breached his fiduciary duty, made negligent misrepresentations, and managed their account negligently. This case was settled for $115,000 in damages.

Negligence

Securities brokers, like Andrew Dinkelmeyer, have a legal obligation to always act in the best interests of their customers. Part of this means conducting the necessary due diligence to handle their customer’s accounts to this best of their ability. When brokers let this responsibility go awry, their customers can suffer financially for it. Negligence turns out to be one of the most common things that securities brokers are accused of.

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 Dinkelmeyer, 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.