The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Patti Barnes. According to her publicly available FINRA BrokerCheck report, Patti Barnes has been the subject of a customer dispute.

Patti Barnes was an Alabama based securities broker. She worked in the securities industry for twenty-five years. She spent her entire career registered with BBVA Compass Investment Solutions. She is not currently working as a registered securities broker.

The Allegations

In December 2017, a customer alleged that the Patti Barnes recommended they surrender an existing variable annuity and use the proceeds to purchase a different annuity. The customer believes this annuity exchange was highly unsuitable based on their investment objectives. This case was settled for $62,500 in damages.

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 Patti Barnes, please contact Oakes & Fosher for a free and private consultation.