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

Daniel Pugel was a Washington based securities broker. He worked in the securities industry for eighteen years. During his career, he was registered with just two different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Morgan Stanley DW (1998-2002)
  • LPL Financial (2002-2017)

The Allegations

  • In June 2004, a customer alleged that Daniel Pugel invested them in unsuitable mutual funds, committed fraud, and breached his fiduciary duty. This case went to arbitration where the customer was awarded $95,953 in damages.
  • In March 2016, a customer alleged that Daniel Pugel recommended unsuitable investments, breached his fiduciary duty, and violated Blue Sky Laws. This case was settled for $125,000 in damages.

Blue Sky Laws

Blue Sky Laws are state regulations established as safeguards for investors against securities fraud. The laws, which may vary by state, typically require sellers of new issues to register their offerings and provide financial details of the deal and the entities involved. As a result, investors have a wealth of verifiable information on which to base their judgment and investment decisions. Violating Blue Sky Laws deprives the investor of this necessary 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 Daniel Pugel, 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.