The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Joshua Stivers. According to his publicly available FINRA BrokerCheck report, Joshua Stivers is the subject of a pending customer dispute.
Joshua Stivers is a Texas based securities broker. He has worked in the securities industry for five years. During his career, he has been registered with two different securities firms.
His Registrations
- G.F. Investment Services (2014-2017)
- Kalos Capital (2017-Present)
The Allegations
In September 2019, a customer alleged that Joshua Stivers recommended unsuitable investments. This case is currently pending. The customer is seeking $100,000 in damages.
What Does This Mean?
Most investors lack the investment knowledge and experience to invest suitably without the aid of a securities broker. One of the most important aspects of a securities broker’s job is the ability to choose investments that are suitable for their customers. Brokers can determine this suitability by analyzing a multitude of factors that include the customer’s age, investment objectives, financial situation, liquidity needs, and more. Brokers not only have the ability to determine suitability, but rather, are expected to. When an investor experiences losses after being invested in securities they were not financially suited for, it was due to either the broker’s fraudulent intent or through their negligence and inability to perform their duties.
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 Joshua Stivers, please contact Oakes & Fosher for a free and private consultation.
