The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker John Tillotson. According to his publicly available FINRA BrokerCheck report, John Tillotson has been the subject of a FINRA sanction.
John Tillotson is a Minnesota based securities broker. He has worked in the securities industry for thirty-four years. During his career, he has been registered with five different securities firms.
- E.F. Hutton & Company (1984-1988)
- Lehman Brothers (1988-1993)
- Citigroup Global Markets (1993-2009)
- Morgan Stanley (2009-2019)
- Stifel, Nicolaus & Company (2019-Present)
John Tillotson was officially sanctioned by FINRA in August 2019. The findings in this matter state that he impersonated his customers over the phone with a mutual fund company in order to improperly transfer funds. Due to these alleged actions, John Tillotson was fined $5,000 and suspended from acting as a securities broker in any fashion for a period of fifteen business days.
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 Tillotson, please contact Oakes & Fosher for a free and private consultation.