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

Nancy Mellon was a Flordia based securities broker. She worked in the securities industry for twenty-seven years. During her career, she was registered with six different securities firms. She is no longer working as a registered securities broker in any fashion.

Her Registrations

  • Morgan Keegan & Company (1984-1987)
  • A.G. Edwards & Sons (1992-2001)
  • UBS Financial Services (2001-2004)
  • Citigroup Global Markets (2004-2009)
  • Morgan Stanley (2009-2012)
  • Wells Fargo Clearing Services (2012-2017)

The Allegations

  • In May 2017, a customer alleged that Nancy Mellon made unsuitable investment recommendations and over-concentrated their portfolio in the energy sector. This case was settled for $40,000 in damages.
  • In November 2018, Nancy Mellon was officially sanctioned by FINRA. The findings in this matter state that she converted member firm funds, falsified documents, caused her member firm to keep inaccurate records and provided inaccurate responses to FINRA officials. This sanction is currently pending.

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 Nancy Mellon, 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 fro you.