The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Christian Troche. According to his publicly available FINRA BrokerCheck report, Christian Troche has been the subject of multiple customer disputes.

Christian Troche was an Oregon based securities broker. He worked in the securities industry for fifteen 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

  • U.S. Bancorp (2001)
  • Wells Fargo Investments (2002-2011)
  • Wells Fargo Clearing Services (2011-2017)

The Allegations

  • Christian Troche became the subject of three complaints throughout 2008 and 2009 from customers complaining about the illiquidity of the Auction Rate Securities that Troche had allegedly purchased on their behalf. These complaints were settled for a total of $355,000 in damages.
  • In November 2010, an attorney, on behalf of a customer, alleged that the investment plan made by Christian Troche was not consistent or suitable with their given investment objectives and financial situation.
  • In March 2014, a customer alleged that Troche failed to follow his instructions not to sell his shares of SRE. This case was settled for $16,085 in damages.
  • In May 2016, a customer alleged that Christian Troche misappropriated funds and made unsuitable investment recommendations. This case was settled for $125,000 in damages.

What Does This Mean?

Misappropriating a customer’s funds is the most blatant act of fraud that a securities broker could ever commit. The relationship between brokers and investors can only exist if there is trust. Investors begin to trust brokers a little less when they hear stories where a broker literally stole their customer’s money. It doesn’t matter if the broker converted the funds for their own personal use, or simply diverted it for a undisclosed investment. The broker still took the investor’s money away from them. Brokers who perpetuate this act work toward the downfall of the investor/broker 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 Christian Troche, 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.