The law firm of Oakes & Fosher is currently investigating the alleged misconduct of former securities broker Brent Van Lott. According to his publicly available FINRA BrokerCheck report, Brent Van Lott has been the subject of multiple customer disputes.
Brent Van Lott operated most recently as a Utah based securities broker. He worked in the securities industry for thirty-one years. During his career, he was registered with six different securities firms.
His Registrations
- Copeland Equities (1986-1992)
- Sunamerica Securities (1992-2005)
- AIG Financial Advisors (2005-2006)
- LPL Financial (2008-2013)
- Girard Securities (2013-2017)
- Cetera Advisor Networks (2017-2018)
The Allegations
- In October 2013, Brent Van Lott was discharged from his position at LPL Financial following allegations that he submitted equity indexed annuity applications without discussing it with the customers.
- In March 2014, a customer alleged that a third party, working with Brent Van Lott, forged customer’s signatures on contracts.
- In January 2016, customers alleged that Brent Van Lott executed trades without written authorization. This case was settled for $50,000 in damages.
- In January 2018, Brent Van Lott was officially sanctioned by FINRA. The findings in this matter state that he had been aiding and abetting an unregistered individual acting as a securities broker. He allegedly helped this individual in his recommendation and sale of securities to multiple customers. He did this by serving as the broker on record, while the unregistered party executed the trades. Lott allegedly made a deal with this third party individual to split commissions for all trades made. Due to these alleged actions, he was fined $20,000 and suspended from acting as a securities broker in any fashion for a period of four months.
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 it entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Brent Van Lott, 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.
