The law firm of Oakes & Fosher is presently investigating the possible misconduct of securities broker John H. Russell. According to his publicly available FINRA BrokerCheck report, John H. Russell has been the subject of multiple customer disputes.

John H. Russell is presently operating as a Missouri based securities broker. He has worked in the securities industry for thirty-eight years. During his career, he has been registered with six different securities firms.

His Registrations

  • WZW Financial Services (1981-1984)
  • Thomson McKinnon Securities (1984-1986)
  • I.M. Simon & Co. (1986-1988)
  • Rowland, Simon & Co. (1988)
  • The Leaders Group (1998-2000)
  • Stifel, Nicolaus & Company (1998-Present)

The Allegations

  • In August 2007, a customer alleged that John H. Russell misrepresented length bonds and the risks that are associated with them.
  • In September 2011, a customer alleged that they experienced losses on the purchase of a bond out of the parameters that they claimed to have agreed upon prior to executing the transaction. This case was settled for approximately $38,500 in damages.
  • In September 2018, a customer alleged that John H. Russell breached his fiduciary duty, made fraudulent and negligent misrepresentations, handled their account negligently, and engaged in civil conspiracy. This case is currently pending. The customer is seeking $3 million in damages.

What Does This Mean?

One of the most noteworthy allegations levied against John H. Russell was that of misrepresentation. The most recent complaint against him states that he allegedly made both fraudulent and negligent misrepresentations. This means that he allegedly conveyed falsified information to his customer both with the intent to deceive and through not conducting the necessary due diligence. The reason that misrepresentation is such a serious allegation is because when investors make decisions under false information, it can cause them to purchase securities that they would otherwise not have purchased had they known all the information accurately.

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 H. Russell, 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.