The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker David Manor. According to his publicly available FINRA BrokerCheck report, David Manor has been the subject of multiple customer disputes.
David Manor was a Massachusetts based securities broker. He worked in the securities industry for five years. During his career, he was registered with three different securities firms.
- Merrill Lynch (2012-2013)
- Santander Securities (2013-2016)
- Wells Fargo (2016-2018)
- In January 2016, a customer alleged that their investment had been misrepresented to her by David Manor. The investor was apparently not aware that she would not have access to her money without a surrender penalty. The investment was also allegedly not suitable for her due to the fact that those funds were her only source of income. This case was settled for $30,000 in damages.
- David Manor’s career came to an end in January 2018 when he resigned from Wells Fargo following allegations that he recommended to a client that they invest away from the member firm.
- In April 2018, a customer alleged that David Manor made unsuitable investment recommendations. This case was settled for $95,000 in damages.
One of the most notable allegations levied against David Manor was that of misrepresentation. This act occurs when a securities broker provides their customer with falsified information regarding their investment or potential investment. This can occur as an act of fraud in which the broker intentionally deceives an investor in an attempt to get what they want, or it can occur on accident through the broker’s own negligence. Regardless of the broker’s intent, misrepresentation can cause serious financial harm to investors because it can lead to them making financial decisions based on misinformation. This is what allegedly happened in the complaint mentioned above.
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 Manor, please contact Oakes & Fosher for a free and private consultation.