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

Eric Stuckey is a Georgia based securities broker. He has worked in the securities industry for twenty-six years. During his career, he has been registered with four different securities firms.

His Registrations

  • Dean Witter Reynolds Inc. (1994-1996)
  • Royal Alliance Associates (1996-2009)
  • Invest Financial Corporation (2009-2018)
  • Ameriprise Financial Services (2018-Present)

The Allegations

  • In June 2016, a customer alleged that Eric Stuckey over-concentrated their portfolio into three unsuitable energy sector securities. This case was settled for $14,750 in damages.
  • In January 2018, a customer alleged that their subaccount assets were placed in high-risk funds which were not suitable. This case was settled for $25,000 in damages.
  • In May 2018, a customer alleged that Eric Stuckey recommended unsuitable investments, misrepresented investment features, and failed to disclose the risks associated with said investments. This case was settled for $110,000 in damages.

Misrepresentation and Omission

Securities brokers, like Eric Stuckey, have a duty to their customers to disclose all relevant information associated with potential investments and to disclose that information honestly. When a securities broker leaves information out when pitching an investment to their customers, it is referred to as omission. When a securities broker communicates falsified information to their customers it is known as misrepresentation. These two allegations are very serious charges because it can cause investors to purchase securities that they would not have otherwise purchased had they known all the accurate information.

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 Eric Stuckey, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.