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

John Troy Howard is an Alabama based securities broker. He has worked in the securities industry for twenty-seven years. During his career, he has been registered with three different securities firms.

His Registrations

  • Amsouth Investment Services (1992-2007)
  • Morgan Keegan & Company (2007-2013)
  • Raymond James & Associates (2013-Present)

The Allegations

  • In February 2005, a customer alleged that John Troy Howard engaged in unauthorized trading. This case was settled for $7,859 in damages.
  • In March 2008, a customer alleged that John Troy Howard executed an unauthorized trade that resulted in loss. This case went to arbitration where the customer was awarded $1,134,601 in damages.
  • In September 2019, a customer alleged that John Troy Howard breached his fiduciary duty, handled their account negligently, breached contract, and violated the Alabama Securities Act. This case is currently pending. The customer is seeking $160,000 in damages.

What Does This Mean?

Securities brokers have an obligation to their customers to always act in their best financial interests. This obligation is also referred to as their fiduciary duty. The fact that securities brokers like John Troy Howard are bound by this duty enables the existence of the broker/investor relationship. This is because it allows investors to trust that their money will be taken care of. When brokers in turn breach their duty, it works toward erosion of that trust. Not just with their particular customer, but rather the trust that exists between all investors and securities brokers. This contributes to the a possible eventual downfall of the investor/broker relationship altogether.

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 Troy Howard, 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.