The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Mark Saunders. Mark Saunders was a Missouri based securities broker. He worked in the securities industry for nineteen years. He spent his entire career registered with Edward Jones. He is no longer working as a registered securities broker in any fashion.
The Allegations
- In August 2015, a customer alleged that Mark Saunders executed unauthorized trades. This case was settled for $34,033 in damages.
- In June 2017, Mark Saunders was officially sanctioned by FINRA. The findings in this matter state that he exercised discretion in a customer’s account without the proper authorization from the customer or his member firm having accepted the account as discretionary. Saunders allegedly purchased over $198,000 of securities in said customer’s account. Due to these allegations, he was fined $5,000 and suspended from acting as a securities broker for a period of fifteen business days. Saunders was eventually discharged from his position at Edward Jones after continued allegations of unauthorized discretionary trading were filed against him.
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 Saunders, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.
