The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker John Robert Morris. According to his publicly available FINRA BrokerCheck report, John Robert Morris has been the subject of multiple customer disputes over the course of his career.

John Robert Morris is a New Jersey-based securities broker. He has worked in the securities industry for thirty years. During his career, he has been registered with eleven different securities firms.

His Registrations

  • Halpert and Company (1989)
  • Butcher & Singer Inc. (1989-1991)
  • Wheat, First Securities (1991)
  • Monmouth Investments (1989-1991)
  • Painewebber Incorporated (1991-1993)
  • Reich & Co. (1993-1994)
  • A.G. Edwards & Sons (1994-2000)
  • Morgan Stanley (2000-2006)
  • Citigroup Global Markets (2006-2009)
  • Morgan Stanley (2009-2011)
  • UBS Financial Services (2011-Present)

The Allegations

  • In September 1993, a customer alleged that John Robert Morris recommended unsuitable investments. This case was settled for $15,500 in damages.
  • In February 2018, customers alleged that their investments in Puerto Rican municipal bonds, as well as investments in the oil and gas sectors, made by John Robert Morris were over-concentrated, unsuitable and misrepresented. This case was settled for $25,000 in damages.
  • In March 2019, an attorney, on behalf of customers, alleged that John Robert Morris recommended they invest in highly unsuitable energy sector securities. It was also alleged that Morris misrepresented and omitted the risks associated with these investments. This case is presently pending. The customers are seeking $330,000 in damages.

What Does This Mean?

Energy sector investments are actually incredibly unsuitable for most investors. This is true for both privately traded and publicly traded energy investments. The reason for this is due to the nature of the energy market. The energy market is incredibly volatile, and fluctuating oil and gas prices can often greatly affect the demand for these energy sources. This means the value of these investments can greatly fluctuate and be highly unsuitable for investors just simply looking for stability.

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 Robert Morris, 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.