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 180008799

The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Michael Standley. According to his publicly available FINRA BrokerCheck report, Michael Standley has been the subject of multiple customer complaints and a FINRA sanction.

Michael Standley was a Missouri based securities broker. He worked in the securities industry for twenty-two years. During his career, he was registered with five different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Edward Jones (1994-1997)
  • Cutter & Company (1997-1998)
  • Moloney Securities (1998-2009)
  • Gardner Financial Services (2009-2011)
  • Oakbridge Financial Services (2011-2016)

The Allegations

  • In April 2002, a customer alleged that Michael Standley churned their account. This case went to arbitration where the customer was awarded $10,500 in damages.
  • In September 2008, a customer alleged that her instructions to invest conservatively were not followed by Michael Standley. This case went to arbitration, where the customer was awarded $8,450 in damages.
  • In October 2017, Michael Standley was officially sanctioned by FINRA. The findings in this matter state that he exercised discretion in a customer’s accounts without getting proper authorization from the customer. His member firm had also not deemed the account in question as suitable for discretionary trading. Due these alleged actions, he was fined $5,000 and suspended from acting as a securities broker in fashion for a period of six months.

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 Standley, 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.