The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Patricia Peterson. According to his publicly available FINRA BrokerCheck report, Patricia Peterson has been the subject of a FINRA sanction.
Patricia Peterson is a Nevada based securities broker. She has worked in the securities industry for thirty years. During her career, she has been registered with four different securities firms.
Her Registrations
- The Variable Annuity Marketing Company (1989-2001)
- Valic Financial Advisors (1999-2009)
- WFG Investments (2009-2015)
- Innovation Partners (2015-Present)
The Allegations
Patricia Peterson was officially sanctioned by FINRA in November 2017. According to the findings, Peterson engaged in discretionary trading in her customers’ accounts without written authorization from the account holders, or having her member firm accept the accounts in question as suitable for discretionary trading. Due to these alleged actions, Patricia Peterson was fined $7,500 and suspended from acting as a securities broker in any fashion for a period of twenty business days. Patricia Peterson had been terminated from her position at Williams Financial Group two years prior due to the allegations.
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 Patricia Peterson, 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.
