The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Jesus Rodriguez. According to his publicly available FINRA BrokerCheck report, Jesus Rodriguez has been the subject of multiple customer disputes.
Jesus Rodriguez was a Florida based securities broker. He worked in the securities industry for twenty years. During his career, he was registered with just two different securities firms. He is not currently working as a registered securities broker in any fashion.
His Registrations
- Securities America (1997-2000)
- IMS Securities (2000-2017)
The Allegations
- In September 2012, a customer alleged that Jesus Rodriguez breached his fiduciary duty and acted negligently when handling their account. This case was settled for $90,000 in damages.
- In August 2016, a customer alleged that Jesus Rodriguez acted negligently, made material misrepresentations, omitted material facts, breached his fiduciary duty, and breached contract. This case is currently pending. The customer is seeking $1,667,000 in damages.
What Does This Mean?
The relationship between investors and securities brokers exists on a foundation of trust. The reason that investors can generally feel secure in trusting their broker is because they are aware that brokers are obligated to always act in their customers’ best financial interests. This obligation is also known as the broker’s fiduciary duty. Brokers who breach this duty work toward the erosion of that trust, which in turn can significantly damage the broker/investor relationship.
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 Jesus Rodriguez, 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.
