Oakes & Fosher is currently investigating securities broker John Dobbertin. According to his publicly available FINRA BrokerCheck report, John Dobbertin is currently the subject of a pending customer complaint.
John Dobbertin is presently working as a New York based securities broker. He has worked in the securities industry for nineteen years. During his career, he has been registered with four different securities firms.
His Registrations
- Lincoln Financial Advisors Corporation (1999-2007)
- LPL Financial (2007-2009)
- American Portfolios Financial Services (2009-Present)
The Allegations
In May 2019, a customer alleged that John Dobbertin violated FINRA rules, misrepresented and omitted material facts, and breached his fiduciary duty. This case is currently pending. The customer is seeking an undisclosed amount in damages.
What Does This Mean?
Securities brokers have a legal obligation to disclose all relevant information regarding investments and potential investments. Leaving out crucial details about investments constitutes as omission. Less than scrupulous securities brokers can also give the customer false information regarding their investments or potential investments. This act is referred to as misrepresentation. Omission and misrepresentation can cause investors to purchase securities that they otherwise would not have purchased. Investors who believed they only purchased securities based on their securities broker’s misrepresenting or omitting key details may be entitled to damages.
Oakes & Fosher Can Help
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 Dobbertin, 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.
