The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Brittney Sias. According to her publicly available FINRA BrokerCheck report, Brittney Sias has been the subject of a customer dispute and a FINRA sanction.
Brittney Sias was a California based securities broker. She worked in the securities industry for fourteen years. During her career, she was registered with nine different securities firms.
Her Registrations
- UBOC Investment Services (2001-2003)
- Financial West Group (2003-2005)
- Bancwest Investment Services (2006)
- Cuna Brokerage Services (2006-2007)
- Essex National Securities (2007-2008)
- Cuso Financial Services (2008)
- Primevest Financial Services, U.S. Bancorp Investments (2010-2011, 2012-2013)
- Western International Securities (2013-2017)
The Allegations
- In October 2017, Brittney Sias was officially sanctioned by FINRA. The findings in this matter state that she allegedly failed to comply with a FINRA investigation into her alleged receipt of funds from a member firm customer. Due to her alleged failure to comply, she was barred by FINRA from acting as a securities broker in any fashion.
- In March 2018, a complaint was filed against Western International Securities due to alleged transgressions Brittney Sias committed while registered there. The customer alleged that Brittney Sias breached her fiduciary duty, recommended unsuitable investment recommendations, and made material misrepresentations & omissions. This case was settled for $100,000 in damages.
Breach of Fiduciary Duty
Securities brokers have an obligation to their customers to always act in their best financial interests. This obligation, also referred to as their fiduciary duty, is the entire basis of the broker/investor relationship. The reason that investors are able to trust brokers enough to leave their money with them is because brokers are bound by this duty. Brokers who breach this duty work toward the erosion of that trust and the possible eventual downfall of the broker/investor relationship.
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 Brittney Sias, 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.
