Over the last 12 years, Oakes & Fosher has tried and won more FINRA arbitration cases on behalf of individual investors than any other law firm in the country.

*Past results do not guarantee a similar outcome. The choice of a lawyer is an important decision and should not be based alone on prior results.

AdobeStock 40515377

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

Mark Degner is an Oregon based securities broker. He has worked in the securities industry for twenty-six years. During his career, he has been registered with five different securities firms.

His Registrations

  • Lehman Brothers (1993)
  • Smith Barney (1993-1995)
  • Merrill Lynch (1995-1999)
  • LPL Financial (1999-2017)
  • Ameriprise Financial Services (2017-Present)

The Allegations

Mark Degner was officially sanctioned by FINRA in February 2018. The findings in this matter state that he allegedly made material misstatements in connection with the sale of 20-year interest rate-linked certificates of deposit (CDs) to five elderly customers. He allegedly misrepresented to these customers that their CDs were not subject to any survivor benefit limitations, however, this was not the case. Due to these allegations, he was fined $7,500 and suspended from acting as a securities broker in any fashion for a period of twenty business days.

What Does This Mean?

Misrepresentation occurs when a securities broker provides one of their customers with falsified information about investments or potential investments. Some brokers will make material misrepresentations on purpose in an attempt to defraud customers and some brokers make misrepresentations by accident through their own negligence and inability to perform their duties. Regardless of the broker’s intent, misrepresentation is a very serious charge due to how harmful it is to investors.

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 Mark Degner, please contact Oakes & Fosher for a free and private consultation.