The law firm of Oakes & Fosher is presently investigating the possible misconduct of former securities broker Brandon Rudolph. According to his publicly available FINRA BrokerCheck report, Brandon Rudolph has been the subject of a FINRA sanction.
Brandon Rudolph was a Nevada based securities broker. He worked in the securities industry for just two years. During his career, he was registered with three different securities firms. He is no longer working as a registered securities broker in any fashion.
His Registrations
- Capital City Securities (2014)
- Chelsea Financial Services (2014-2016)
- Wealthforge Securities (2017)
The Allegations
Brandon Rudolph was officially sanctioned by FINRA in May 2018. The findings in this matter state that Brandon Rudolph allegedly refused to provide FINRA with requested information during an investigation into his possible participation in private securities transactions outside his member firm’s scope. Due to these allegations, he was barred by FINRA from acting as a securities broker in any fashion.
What Does This Mean?
Securities brokers, like Brandon Rudolph, are not allowed to engage in private securities transactions outside the scope of their member firms without disclosing their involvement to said member firm. This is because engaging in private securities transactions can often create substantial conflicts of interests for the broker. They often times might find themselves recommending private securities that they have a financial stake in, or find themselves recommending private securities simply because they are receiving cash kickbacks from a third party, or even recommending private securities simply because they receive excessively high commissions they receive when doing so. These conflicts of interest can quite easily lead to brokers recommending these types of private investments to customers that are woefully unsuited for them. It is the responsibility of the securities firm to prevent this type of thing from happening. They are not let off the hook simply because the securities broker does not inform them of their intent to engage in such transactions. Securities firms must have adequate procedures in place to supervise brokers and prevent them from engaging in any unauthorized activity.
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 Brandon Rudolph, 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.
