The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Jeffrey Rahm. According to his publicly available FINRA BrokerCheck report, Jeffrey Rahm has been the subject of multiple customer disputes over the course of his career.
Jeffrey Rahm is a Minnesota based securities broker. He has worked in the securities industry for thirty-three years. During his career, he has been registered with four different securities firms.
His Registrations
- Miller, Johnson & Kuen (1986-2001)
- Miller Johnson Steichen Kinnard (2001-2006)
- Stifel, Nicolaus & Company (2006-2020)
- Northland Securities (2020-Present)
The Allegations
- In June 2003, a customer alleged that Jeffrey Rahm executed unauthorized trades. This case was settled for $187,792 in damages.
- In November 2008, a customer alleged that Jeffrey Rahm failed to follow his instructions to invest in secure bonds. This case was settled for $135,000 in damages.
- In January 2020, Jeffrey Rahm was discharged from his position at Stifel, Nicolaus & Company. This termination followed allegations that he engaged in an undisclosed outside business activity.
What Does This Mean?
Securities brokers are not allowed to engage in any outside business activities without disclosing it to their member firm. That is because these types of unauthorized activities can often lead to member firm customers experiencing financial harm. These outside activities may create significant conflicts of interest for securities brokers that cause them to recommend outside investments to customers that are woefully unsuited for them.
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 investing 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 Jeffrey Rahm, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.
