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.

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The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Paul Noterman. According to his publicly available FINRA BrokerCheck report, Paul Noterman has been the subject of multiple customer disputes over the course of his career.

Paul Notermann is a Minnesota based securities broker. He has worked in the securities industry for thirty-three years. During his career, he has been registered with seven different securities firms.

His Registrations

  • The Equitable Life Assurance Society of the United States (1986-1991)
  • Equico Securities (1986-1991)
  • Mony Securities (1991-1997)
  • WS Griffith Securities (1997-2003)
  • Merrill Lynch (2003-2011)
  • Morgan Stanley (2011-2017)
  • Ameriprise Financial Services (2017-Present)

The Allegations

  • In December 2001, a customer alleged that Paul Noterman mismanaged their account. This case was settled for $60,000 in damages.
  • In November 2017, a customer alleged that Paul Noterman made material misrepresentations about managed account fees. This case was settled for $93,617 in damages.

What Does This Mean?

Misrepresentation is a very serious charge, as it can often result in very serious financial harm to an investor. Essentially, misrepresentation occurs when a securities broker provides an investor with information that has been falsified or obscured in some manner. This can be either on purpose, in an attempt to defraud the investor, or by accident through the broker’s negligence.  Regardless of the broker’s intent, misrepresentation can cause significant losses in an investor’s account as it can lead to them making crucial financial decisions based on misinformation.

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 practices to helping investors across the nation. If you, or someone you know, have lost money investing with Paul Noterman, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.