Richard Seefried Allegedly Recommends Unsuitable Convertible Notes

The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Richard Seefried. According to his publicly available FINRA BrokerCheck report, Richard Seefried has been the subject of a FINRA sanction.

Richard Seefried was a Colorado based securities broker. He worked in the securities industry for thirty-five years. During his career, he was registered with nine different securities firms.

His Registrations

• Dillon Securities (1982-1983)


• Dean Witter Reynolds (1982-1984)


• RCL Northwest (1984-1991)


• Global Capital Securities Corporation (1991-2001)


• Schneider Securities (2001-2002)


• J.P. Turner & Company (2002)


• Paulson Investment Company (2002-2006)


• GVC Capital (2007-2013)


• Spencer Edwards (2013-2017)

The Allegations

Richard Seefried was officially sanctioned by FINRA in December of 2017. The findings in this matter state that he allegedly recommended the purchases of convertible notes without a reasonable basis to conclude they were suitable for investors. Due to these allegations, he had to pay $10,000 in fines, $13,600 in disgorgement, and was suspended by FINRA from acting as a securities broker for a  period of thirty days.

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 Richard Seefried, please contact Oakes & Fosher for a free and private consultation.