The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Craig Hodges. According to his publicly available FINRA BrokerCheck report, Craig Hodges has been the subject of a customer dispute.

Craig Hodges is a Texas-based securities broker. He has worked in the securities industry for thirty-two years. During his career, he has been registered with just two different securities firms.

His Registrations

  • Rauscher Pierce Refsnes (1987-1989)
  • First Dallas Securities Incorporated (1989-Present)

The Allegations

In September 2017, a customer alleged that Craig Hodges breached his fiduciary duty, breached contract, managed their account negligently, and recommended unsuitable investments. This case went to arbitration where the customer was awarded $76,000 in damages.

What Does This Mean?

The relationship between investors and securities brokers exists on a foundation of trust. The reason that investors can generally feel secure in trusting their broker is because they are aware that brokers are obligated to always act in their customers’ best financial interests. This obligation is also known as the broker’s fiduciary duty. Brokers who breach this duty work toward the erosion of that trust, which in turn can significantly damage 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 Craig Hodges, 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.