The law firm of Oakes & Fosher is presently investigating the possible misconduct of securities broker Joseph Krueger. According to his publicly available FINRA BrokerCheck report, Joseph Krueger has been the subject of a FINRA sanction.

Joseph Krueger is an Ohio based securities broker. He has worked in the securities industry for eighteen years. During his career, he has been registered with three different securities firms.

The Registrations

  • UBS Painewebber Inc. (2000-2001)
  • Stifel, Nicolaus & Company (2001-2015)
  • Robert W. Baird & Co. (2015-Present)

The Allegations

Joseph Krueger’s FINRA BrokerCheck report shows that in 2017, he became the subject of FINRA investigation. The findings in this matter state that Joseph Krueger allegedly took part in outside securities transactions not related to his member firm. He sold private securities of a company he owned without providing written notice to his member firm. Krueger had five individuals, four of which were already customers of his at Edward Jones, invest a total of $200,000 in this business. He had been terminated from his position at Stifel, Nicolaus & Company in September 2015 when the allegations first came to light. He was also fined $5,000 and suspended by FINRA from acting as a securities broker in any fashion for a period of three months.

What Does This Mean?

Actions such as these can be harmful to investors. Registered stock brokers who engage in outside business dealing can sometimes choose their need to raise capital over the needs of the clients. Investors need to be sure that they are investing their money with that particular securities firm and that their money is not being used to purchase illiquid and high-risk private securities away from the firm.

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 Joseph Krueger, or any other private security, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles our cases on a contingency basis, which means there are no fees charged unless we collect for you.