Alvery Anthony Bartlett Jr. Allegedly Recommends Unsuitable Investments

The law firm of Oakes & Fosher is currently investigating the alleged misconduct of securities broker Jeffrey David Stanga. According to his publicly available FINRA BrokerCheck report, Jeffrey Stanga had been the subject of multiple customer disputes over the course of his career.

Jeffrey Stanga was a California-based securities broker who worked in the securities industry for six years. During his career, he was registered with one security firm. He is not currently practicing as a securities broker in any fashion.

His Registrations 

  • FMN Capital Corporation (2014-2021)

The Allegations 

  • In January 2018, a customer alleged that Jeffrey Stanga had recommended unsuitable investments. This case was settled for $75,000 in damages.
  • In January 2018, a customer alleged that Stanga had recommended unsuitable investments. This case was settled for $46,000 in damages.
  • In March 2021, FINRA officially sanctioned Stanga for allegedly failing to fully disclose the nature of his outside business activities. The findings stated that prior to his association with the member firm, Stanga sold a private placement offering of membership units in connection with a residential real estate business. Stanga allegedly described his involvement as an “investor, gives advice/opinions on buying/fixing/selling residential homes,” but failed to fully disclose his role as “manager,” and that the business was an investment-related business.

Private Placements

Private placements are privately traded securities not sold on any public securities exchanges that are also not registered with the Securities and Exchange Commission (SEC).  Because of this lack of oversight, these products are often very poorly regulated and can often cause significant financial harm to investors. Many securities brokers take advantage of private placements’ complicated nature to misrepresent them as stable investments. The truth is that these products are incredibly speculative and are often illiquid investment options. They are also accompanied by incredibly high upfront fees that can drain investor principals substantially.

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 due to this fraud or negligence 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 Jeffrey Stanga, 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.