The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Jasper Boykin Jr. He was a Georgia based securities broker. He worked in the securities industry for sixteen years. During his career, he was registered with three different securities firms. Jasper Boykin Jr. is no longer working as a registered securities broker in any fashion.
His Registrations
- Nationwide Securities (1999-2013)
- Quest Capital Strategies (2013-2015)
- MetLife Securities (2015-2016)
The Allegations
According to his publicly available FINRA BrokerCheck report, Jasper Boykin Jr. was discharged from MetLife Securities in March 2016 following allegations that he took part in outside business activities. He was latter barred by FINRA from acting as a securities broker in any fashion due to an alleged failure to comply with their investigation into the matter.
What Does This Mean?
Securities brokers are not allowed to engage in outside business ventures without disclosing it to their member firm prior to engagement. This is because securities brokers can often find themselves recommending private investments to member firm customers that are not financially suited for them out of a conflict of interest. This could be that they themselves have a financial stake in that investment, or because they are receiving cash incentives from a third party, or simply because they receive an incredibly high commission at the time the transaction is executed. For this reason, securities firms must analyze the situation and decide if a conflict of interest might exist or if any investor might be harmed by the broker’s actions. However, firms are not absolved from liability simply because the securities broker fails to disclose their intent to engage in these outside ventures. Securities firms must have adequate supervisory procedures in place designed to prevent their registered brokers from engaging in any unauthorized and potentially harmful activities.
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 Jasper Boykin Jr., 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.
