The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Michael Dolan. According to his publicly available FINRA BrokerCheck report, Michael Dolan has been the subject of a customer dispute and a FINRA sanction.
Michael Dolan is a Minnesota based securities broker. He has worked in the securities industry for thirty-four years. During his career, he has been registered with five different securities firms.
- E.F. Hutton & Company (1983-1987)
- Mabon, Nugent & Co. (1987-1989)
- Dougherty & Company (1989-Present)
- In December 2008, customers alleged that Michael Dolan engaged in unauthorized trading, breached his fiduciary duty, and breached contract. This case was settled for $30,000 in damages.
- In December 2016, Michael Dolan was officially sanctioned by FINRA. The findings in this matter state that he took part in the sale of at least $850,000 of membership interests in a hedge fund away from his member firm. Five of the individuals he allegedly sold these interests to were customers of his member firm. These alleged actions took place without permission from his member firm. Due to these alleged actions, he was fined $5,000 and suspended from acting as a securities broker in any fashion for a period of sixty business days.
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 Michael Dolan, 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.