The law firm of Oakes & Fosher is presently investigating the possible misconduct of securities broker Ricky Moore. According to his publicly available FINRA BrokerCheck report, Ricky Moore has been the subject of multiple customer disputes and a FINRA sanction over the course of his career.
Ricky Moore is a Texas based securities broker. He has worked in the securities industry for twenty-four years. During his career, he has been registered with five different securities firms.
His Registrations
- A.G. Edwards & Sons (1995-2002)
- LPL Finacial Corporation (2002-2009)
- Commonwealth Financial Network (2009-2013)
- Securities America (2013)
- Sagepoint Financial (2013-Present)
The Allegations
- In August 2012, customers alleged that Ricky Moore over-concentrated their portfolio in unsuitable variable annuities and non-traded REITs. This case was settled for $60,000 in damages.
- In October 2013, a customer alleged that Ricky Moore recommended to her that she invest in an unapproved investment that resulted in the loss of her principal.
- Ricky Moore was officially sanctioned by FINRA in December 2015. The findings in this matter state that Ricky Moore engaged in an outside business dealing that he failed to disclose to his member firm. Due to these alleged actions, he was fined $37,000 and suspended from acting as a securities broker in any fashion for a period of four months.
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 investing 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 Ricky Moore, please contact Oakes & Fosher for a free and private consultation.
