The law firm of Oakes & Fosher is presently investigating the possible misconduct of former securities broker Frederick Olson. According to his publicly available FINRA BrokerCheck report, Frederick Olson has been the subject of a customer dispute.

Frederick Olson was a Minnesoeta based securities broker. He worked in the securities industry for thirty-two years. During his career, he was registered with six different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Painewebber Incorporated (1985-1987)
  • Piper, Jaffray & Hopwood Incorporated (1987-1989)
  • John G. Kinnard and Company (1989-1994)
  • Robert W. Baird & Co. (1994-2012)
  • Maxwell Simon, Inc. (2012-2015)
  • The Oak Ridge Financial Services Group (2015-2018)

The Allegations

In April 2017, a customer alleged that Frederick Olson breached his fiduciary duty, violated the Minnesota Department of Commerce Rules and Regulations, handled their account negligently, made negligent misrepresentations, and breached contract. This case was settled for $225,000 in damages. Frederick Olson was discharged from his position at Oak Ridge Financial Services Group one year later following the allegations.

Negligence

A securities broker’s negligence can cause substantial financial harm to their customers. While they are not intending to harm their customers, their apathy or laziness can place their customers in incredibly harmful situations. This can include a wide variety of actions that include failing to monitor their customers’ investments, failing to conduct the necessary due diligence required to discern suitability, or failing to disclose all the accurate information associated with potential investments.

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 Frederick Olson, 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.