The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker David Braeger. According to his publicly available FINRA BrokerCheck report, David Braeger has been the subject of a FINRA sanction.

David Braeger was a New York based securities broker. He worked in the securities industry for nineteen years. During his career, he was registered with fifteen different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • McLaughlin, Piven, Vogel Securities (1992)
  • Painewebber Incorporated (1992-1994)
  • Bear, Stearns & Co. (1994-1995)
  • Mesirow Financial (1995-1997)
  • Everen Securities (1997-1998)
  • Raymond James & Associates (1998-2000)
  • Sanders Morris Harris Inc. (1999-2000)
  • Legg Mason Wood Walker Incorporated (2000-2001)
  • A.G. Edwards & Son (2001)
  • Delta Equity Services Corporation (2001-2002)
  • Brookstreet Securities Corporation (2002-2007)
  • Newport Coast Securities (2008-2012)
  • Arque Capital (2012-2013)
  • Midtown Partners (2014)

The Allegations

David Braeger was officially sanctioned by FINRA in July 2016. The findings in this matter state that he allegedly converted $30,000 from customers at his member firm. He allegedly then used these funds for his own personal use. Due to these allegations, he was barred from acting as a securities broker in any fashion and was fined $15,537.

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 David Braeger, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.