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

Brian Travers was a New York based securities broker. He worked in the securities industry for twelve years. During his career, he was registered with five different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • LH Ross & Company (2004)
  • MetLife Securities (2004-2007, 2009-2011)
  • Metropolitan Life Insurance (2004-2007)
  • MML Investors (2007-2009, 2013-2017)
  • Lincoln Financial Advisors Corporation (2011-2013)

The Allegations

Brian Travers was discharged from his position at MML Investors Services in March 2017 following allegations that he engaged in an undisclosed outside business activity. During a FINRA investigation into this alleged outside business activity, he allegedly refused to appear and provide them with on-the-record testimony. Due to his alleged refusal to comply, he was barred by FINRA from acting as a securities broker in any fashion.

What Does This Mean?

Securities brokers like Brian Travers are not allowed to engage in outside business activities without disclosing it to their member firm. This is because outside business ventures can often create conflicts of interest for securities brokers. It might often cause brokers to begin recommending securities to their member firm customers with ulterior motives. Securities firms are supposed to prevent this type of thing from happening as these motives can often cause brokers to recommend securities to investors that are not financially suited for them based on factors like investment objectives and financial situation.

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 Brian Travers, 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.