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

Gordon M. Roberts is an Illinois based securities broker. He has worked in the securities industry for thirty-three years. During his career, he has been registered with eleven different securities firms.

His Registrations

  • Michelin and Company (1986-1987)
  • J.W. Gant & Associates (1987-1988)
  • Graystone Nash (1988)
  • Allied Capital Group (1988-1989)
  • Alison, Baer Securities (1989)
  • LFG Investments (1989-1991)
  • Boatmen’s Investment Services (1991-1997)
  • Nations Securities (1997-1998)
  • NationsBanc Investments (1998)
  • Investment Planners (1999-2008)
  • Berthel, Fisher & Company Financial Services (2008-Present)

The Allegations 

  • In October 2002, a customer alleged that Gordon M. Roberts recommended unsuitable life insurance policies. This case was settled for $30,000 in damages.
  • In August 2010, a customer alleged that Gordon M. Roberts acted negligently, breached his fiduciary duties, and executed unsuitable transactions. This case was settled for $52,500 in damages.
  • In January 2013, a customer alleged that Gordon M. Roberts Made unsuitable investment recommendations and made material representations. This case was settled for $45,000 in damages.
  • In July 2019, a customer alleged that Gordon M. Roberts recommended unsuitable investments and made material misrepresentations about the investments. This case is currently pending.

What Does This Mean?

Misrepresentation is a very serious charge levied against both negligent and unscrupulous securities brokers. Essentially, misrepresentation occurs when a securities broker provides their customer with information that has been falsified in some regard. This can be either a direct result of a broker’s fraudulent intent, attempting to defraud the investor for their own financial gain, or can occur due to the broker’s own negligent. Distinguising intent may seem irrelevant in instances of misrepresentation as both negligent and fraudulent misrepresentation can cause investors to incur significant financial losses. This is because it can cause them to make crucial financial decisions based on inaccurate 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 Gordon M. Roberts, 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.