Austin Morton Allegedly Converts Money From An Elderly Customer With Dementia

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

Austin Morton was an Oklahoma based securities broker. He worked in the securities industry for five years. He spent his entire career registered with Edward Jones between 2011 and 2016. Austin Morton is no longer working as a registered securities broker in any fashion.

The Allegations

In November 2016, a customer's daughter alleged that Austin Morton converted funds from her father. He allegedly accompanied the customer to the bank and received $20,000 in cash. He then allegedly solicited a $6,000 loan for medical expenses that never existed. The customer then gave Morton a signed, but otherwise blank, check that Morton made out for $22,000 to himself. This case was settled for $44,000 in damages. He was discharged from his position at Edward Jones due to the allegations.

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 Austin Morton, please contact Oakes & Fosher for a free and private consultation.