The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Philip Moshier. According to his publicly available FINRA BrokerCheck report, Philip Moshier has been the subject of multiple customer dispute in his career.
Philip Moshier is an Ohio based securities broker. He has worked in the securities industry for forty-two years. During his career, he has been registered with just two different securities firms.
His Registrations
- Cigna Financial Advisors (1978-1998)
- Lincoln Financial Advisors Corporation (1998-Present)
The Allegations
- In March 2004, a customer alleged that Philip Moshier made material misrepresentations about a guaranteed minimum income benefit rider when purchasing a variable annuity. This case was settled for $22,841 in damages.
- In April 2018, a customer alleged that Philip Moshier recommended an unsuitable, highly risky, over-concentrated, and illiquid investment plan. This case was settled for $35,000 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 Philip Moshier, 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.
