The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Donna Hines. According to her publicly available FINRA BrokerCheck report, Donna Hines has been the subject of multiple customer disputes over the course of her career.

Donna Hines is a West Virginia based securities broker. She has worked in the securities industry for nineteen years. During her career, she has been registered with four different securities firms.

Her Registrations

  • Edward Jones (2000-2003)
  • Sammons Securities Company (2003-2005)
  • Investment Planners (2005-2013)
  • Cetera Advisors (2013-Present)

The Allegations

  • In December 2015, customers alleged that Donna Hines made material misrepresentations and omissions, managed their account negligently, and breached her fiduciary duty–all in connection with alternative products. This case was settled for $100,000 in damages.
  • In June 2018, customers alleged that Donna Hines recommended unsuitable investments, managed their account negligently, breached her fiduciary duty, made material misrepresentations, and committed constructive and common law fraud. This case was settled for $137,500 in damages.

What Does This Mean?

One of the most notable allegations levied against Donna Hines was that she made material misrepresentations about investments to her customers. Misrepresentation occurs when a securities broker provides their customer with information that has been falsified in some manner. This can be done either by accident, through the broker’s own negligence, or on purpose, through the broker’s own fraudulent intent. However, both fraudulent and negligent misrepresentations can cause the investor to incur substantial losses as misrepresentation can lead to investors making crucial financial decisions based on misinformation.

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 Donna Hines, 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.