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

Craig Mardany is a California based securities broker. He has worked in the securities industry for nineteen years. During his career, he has been registered with just two different securities firms.

His Registrations

  • Banc of America Investment Services (2001-2009)
  • Merrill Lynch (2009-Present)

The Allegations

In January 2018, customers alleged that Craig Mardany made material misrepresentations, omitted material facts, and recommended unsuitable investments. This case was settled for $5 million in damages.

What Does This Mean?

Misrepresentation occurs whenever a securities broker makes any false assertion of fact to their customers about an investment or potential investment. This act can occur either by accident, due to the brokers own negligence, or on purpose, through the broker’s intent to defraud the customer. Regardless of the broker’s intent, misrepresentation can cause serious financial harm to investors as it can lead to them making crucial financial decisions based on inaccurate information.

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 Mardany, 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.