Over the last 12 years, Oakes & Fosher has tried and won more FINRA arbitration cases on behalf of individual investors than any other law firm in the country.

*Past results do not guarantee a similar outcome. The choice of a lawyer is an important decision and should not be based alone on prior results.

AdobeStock 82289628

The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Heather Weber. According to her publicly available FINRA BrokerCheck report, Heather Weber has been the subject of multiple complaints over the course of her career.

Heather Weber is a Florida based securities broker. She has worked in the securities industry for twenty-two years. During her career, she has been registered with three different securities firms.

Her Registrations

  • J.B. Hanauer & Co. (1997-1999)
  • Citigroup Global Markets (1999-2006)
  • Merrill Lynch (2006-Present)

The Allegations

Between 2015 and 2019, Heather Weber has been the subject of multiple customer complaints. These customers all alleged that Heather Weber recommended unsuitable investments. They also alleged that Heather Weber both misrepresented and omitted material facts about the investments. Five cases have been settled for a total of 807,500 in damages. Two of the cases are presently pending. The customer in one case is seeking $1 million. The customer in the second case is seeking $350,000 in damages.

Misrepresentation and Omission

Misrepresentation and omission are very serious allegations. Omission occurs when a securities broker leaves out pertinent details when disclosing information to an investor about their investments or potential investments. Misrepresentation occurs when a securities broker provides their customer with false information about their investments. These acts can be done either on purpose through the brokers attempt to defraud the investor, or by accident through the broker’s own negligence and inability to perform their job adequately. The truth is that brokers are still liable for these actions even if they were not done on purpose. Regardless of the broker’s intent, misrepresentation and omission can be detrimental to investors. This is because it can cause them to make their financial decisions based on either false or incomplete 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 Heather Weber, 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.