The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Marcus D. Parker. According to his publicly available FINRA BrokerCheck report, Marcus D. Parker has been the subject of a customer dispute and FINRA sanction.
Marcus D. Parker was a New Mexico based securities broker. He worked in the securities industry for thirty-five years. During his career, he was registered with seven different securities firms. He is no longer working as a registered securities broker in any fashion.
His Registrations
- Dean Witter Reynolds (1982-1985)
- Thomson McKinnon Securities (1985-1989)
- Prudential Securities Incorporated (1989-1992)
- Painewebber Incorporated (1992-1996)
- Salomon Smith Barney (1996-2001)
- Merrill Lynch (2001-2008)
- Wells Fargo Clearing Services (2008-2017)
The Allegations
- In February 2018, Marcus D. Parker was officially sanctioned by FINRA. The findings in this matter state that he failed to respond to FINRA’s request for documents and information during an investigation into why he was fired from his previous firm. Parker was terminated from his position at Wells Fargo Clearing Services after allegedly failing to comply with a internal investigation into his possible misappropriations from customer accounts. Due to this alleged failure to comply, Marcus D. Parker was officially barred from acting as a securities broker in any fashion.
- In August 2019, a customer alleged that Marcus D. Parker executed unauthorized transactions as opposed to managing their account in the manner discussed.
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 Marcus D. Parker, 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.
