The law firm of Oakes & Fosher is currently investigating former securities broker Christopher Hellman. According to his publicly available FINRA BrokerCheck report, Christopher Hellman has been the subject of multiple customer disputes.

Christopher Hellman was a Florida based securities broker. He worked in the securities industry for just two years. During his career, he was registered with just two different securities firms.

His Registrations

  • FMSBonds, Inc. (2016)
  • Merrill Lynch (2016-2018)

The Allegations

  • In September 2018, a customer alleged that Christopher Hellman misappropriated funds. This case was settled for $440,000 in damages.
  • In November 2018, a customer alleged Christopher Hellman misappropriated funds and brokered securities away from the firm. This case is currently pending. The customer is seeking $195,000 in damages.
  • In April 2019, a customer alleged that Hellman made material misrepresentations. This case was settled for $187,672 in damages.

What Does This Mean?

Most investors choose to trust their money to securities brokers like Christopher Hellman. This is because they believe that these people have the expertise to invest their money more efficiently than they ever could. Some brokers abuse this trust and misappropriate the funds entrusted to them. The misappropriated funds could be used for undisclosed investments, or converted by the broker for their own personal use. Either way, the securities broker has stolen from their customer. Investors who believe that their money was misappropriated by their securities broker may be entitled to damages.

Oakes & Fosher Can Help

Many people are unaware of the legal recourse available to them after losing money due to securities broker negligence and fraud. Oakes & Fosher dedicates its entire legal practice to helping investors who have lost money in that fashion. If you, or someone you know, have lost money investing with Christopher Hellman, please contact Oakes & Fosher for a free and private consultation.