The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker John Bryant. According to his publicly available FINRA BrokerCheck report, John Bryant has been the subject of a customer dispute.
John Bryant is a New York based securities broker. He has worked in the securities industry for twenty years. During his career, he has been registered with four different securities firms.
His Registrations
- Mercer Allied Company (1999-2006)
- UBS Financial Services (2006-2012)
- Wells Fargo (2012-2018)
- American Portfolios Financial Services (2018-Present)
The Allegations
- In November 2016, a customer alleged that John Bryant did not disclose the risks associated with an investment. This case was settled for $20,000.
- In February 2018, John Bryant was discharged from his position at Wells Fargo following allegations that he engaged in an unsuitable trading pattern involving multiple investors.
What Does This Mean?
Securities brokers have an obligation to their customers to always act in their best financial interests. This means that brokers like John Bryant are only supposed to recommend securities to investors that they are financially suited for. When investors become invested in securities that are contrary to their previously stated investment objectives, financial situation, or liquidity needs, it can be detrimental to them. Most investors lack the sufficient investment knowledge and experience to know what securities are suitable for them. Because of this, they rely heavily on their brokers to tell them which investments are suitable for them based on the above mentioned factors.
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 John Bryant, please contact Oakes & Fosher for a free and private consultation.
