The law firm of Oakes & Fosher is presently investigating the possible misconduct of former securities broker Ramon Herrera. According to his publicly available FINRA BrokerCheck report, Ramon Herrera has been the subject of multiple customer complaints.

Ramon Herrera was a New Jersey based securities broker. He worked in the securities industry for five years. He spent his entire career registered with Wells Fargo Clearing Services. He is no longer working as a registered securities broker in any fashion.

The Allegations

  • In January 2018, a customer’s power of attorney alleged that Ramon Herrera excessively traded their account and withdrew $75,000 from the customer’s savings without permission. This case was settled for $105,000 in damages.
  • In April 2018, customers alleged that Ramon Herrera withdrew funds from their account without permission. This case was settled for approximately $20,000 in damages.
  • In April 2018, an attorney, on behalf of a customer, alleged that Ramon Herrera withdrew funds from their account without permission. This case was settled for $90,533 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 representing investors across the nation. If you, or someone you know, have lost money investing with Ramon Herrera, 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.