The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Frank Bazan. According to his publicly available FINRA BrokerCheck report, Frank Bazan has been the subject of a FINRA sanction.

Frank Bazan was a Texas based securities broker. He worked in the securities industry for seven years. During his career, he was registered with five different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Wells Fargo (2008-2010)
  • Edward Jones (2010-2011)
  • SWBC Investment Services (2011-2012)
  • BBVA Compass Investment Solutions (2013)
  • BBVA Securities (2013-2016)

The Allegations

Frank Bazan was officially sanctioned by FINRA in March of 2018. The findings in this matter state that he allegedly failed to disclose to his member firm that he had been involved in an outside real estate business. He allegedly submitted a falsified compliance attestation stating that he had not engaged in any outside business activities in 2013. The findings go on to state that he allegedly borrowed $150,000 from a customer at his member firm without getting approval from the firm. He resigned from his position at BBVA Securities two years prior when the allegations first came to light. Due to these allegations, he was fined $20,000 and suspended by FINRA from acting as a securities broker in any fashion for a period of seven months.

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 Frank Bazan, please contact Oakes & Fosher for a free and private consultation.