The law firm of Oakes & Fosher is presently investigating the possible misconduct of former securities broker Jason Brienen. According to his publicly available FINRA BrokerCheck report, Jason Brienen has been the subject of multiple customer disputes.
Jason Brienen was a Florida based securities broker. He worked in the securities industry for twenty-four years. He spent his entire career as a registered broker with Raymond James Financial Services. He is not currently working as a securities broker in any fashion.
The Allegations
- In April 2002, a customer alleged that Jason Brienen traded their account excessively, churned their account, engaged in fraud, made material misrepresentations and omissions, and executed unauthorized trades. This case was settled for $115,000 in damages.
- Jason Brienen was discharged from his position at Raymond James in July 2018 following allegations that he failed to meet the requirements of heightened supervision.
- In September 2018, a customer alleged that Jason Brienen made material misrepresentations and omissions, executed unauthorized trades, engaged in fraud, breached his fiduciary duty, and handled their account with gross negligence. This case was settled for $145,000 in damages.
What Does This Mean?
Securities brokers have an obligation to their customers to always act in their best financial interests. A major part of this means that they are to obtain their customers’ authorization before executing trades on their behalf. This is because investors are entitled to the opportunity to decide for themselves if they want to be invested in a particular security. One of the main reasons that securities brokers execute trades without first seeking authorization, is because they know that particular trade is not actually suited for them. This can often result in losses to the investor.
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 Jason Brienen, 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.
