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

Jason Williams operated most recently as an Indiana based securities broker. He worked in the securities industry for twelve years. During his career, he was registered with seven different securities firms.

His Registrations

  • UBS Financial Services (2003-2005)
  • John Hancock Funds (2006)
  • Rafferty Capital Markets (2006)
  • Hatteras Capital (2007)
  • Merrill Lynch (2008-2009)
  • Wells Fargo Advisors (2010-2014)
  • Thurston Springer Financial (2014-2019)

The Allegations

In July 2019, an attorney, on behalf of a customer, alleged that Jason Williams over-concentrated their account in particular securities. This case is currently pending. The customer is seeking $72,000 in damages.

What Does This Mean?

Securities brokers, like Jason Williams, have a duty to their customers to always act in their best financial interests. A major part of this means diversifying their customers’ portfolios in a manner that is suitable for them. When securities brokers fail to diversify investors’ accounts, it can often result in losses when the value of the over-concentrated securities decline.

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