John Crumb Allegedly Engages In Unapproved Business Activities Away From His Member Firm

The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker John Crumb. According to his publicly available FINRA BrokerCheck report, John Crumb has been the subject of a FINRA sanction.

John Crumb was a New York based securities broker. He worked in the securities industry for fourteen years. During his career, he was registered with four different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

• Morgan Stanley (2001-2002)


• Lincoln Investment Planning (2003-2007)


• Securities America (2007-2014)


• LPL Financial (2013-2016)

The Allegations

John Crumb was officially sanctioned by FINRA in October 2017. The findings in this matter state that he failed to adequately disclose two outside business activities to his member firm. He allegedly served as CEO of a corporation he had created for tax and accounting purposes without providing written notice to his firm. Due to these allegations, he was fined $12,500 and suspended by FINRA from acting as a securities broker in any fashion for a period of four months. He was discharged from his position at LPL Financial a year and a half prior when the allegations first came to light.

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 Crumb, 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.