There are a lot of investors who are unaware of their legal options after losing money due to securities broker fraud and/or negligence. The truth of the matter is, investors who have lost money in this manner may be entitled to damages. The law firm of Oakes & Fosher is interested in hearing from investors who believe that this may be them.
Oakes & Fosher is presently investigating former securities broker Douglas Studer. According to his publicly available FINRA BrokerCheck report, Douglas Studer was the subject of a customer dispute.
Douglas Studer spent his entire career as a Florida based securities broker. He worked in the securities industry for fourteen years. During his career, he was registered with six different securities firms.
His Registrations
- Prime Capital Services (2001-2006)
- H&R Block Financial Advisors (2006-2007)
- VSR Financial Services (2007-2009)
- Prime Capital Services (2009-2013)
- National Securities Corporation (2013-2015)
- Kovack Securities (2015-2016)
The Allegations
Douglas Studer was the subject of a customer dispute filed in November of 2018. The customer in this case alleged that Douglas Studer executed trades in their account without authorization. This case was settled for $60,010 in damages.
What Does This Mean?
Securities brokers have a legal obligation to always act in the best interests of their customers. Part of this means making sure that their customers are aware of the trades being made. Brokers are obligated to seek approval from their customers before executing trades in their accounts. This is because investors are entitled to decide for themselves if they want to take on the risks associated with new investments. Investors who believe they experienced losses due to their securities broker’s unauthorized trading may be entitled to damages.
Oakes & Fosher Can Help
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 Studer, please contact Oakes & Fosher for a free and private consultation.
