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

Douglas Havel is an Iowa based securities broker. He has worked in the securities industry for twenty-seven years. He has spent his entire career registered with Principal Securities.

The Allegations 

  • In December 2006, customers felt they were given false and misleading information by Douglas Havel regarding the consequences of transferring their variable annuity to an indexed annuity.
  • In February 2009, a customer alleged that Douglas Havel failed to adequately disclose fees.
  • In October 2018, a customer alleged that Douglas Havel made material misrepresentations concerning the rate of return of his variable annuity. This case was settled for $34,234 in damages.
  • In December 2018, a customer alleged Douglas Havel invested him in C-share mutual funds, even though A-shares would have been more beneficial. This case was settled for $5,838 in damages.

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 Douglas Havel, 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.