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

Robert Brinckerhoff is presently operating as a Vermont based securities broker. He has worked in the securities industry for forty-two years. During his career, he has been registered with two different securities firms.

His Registrations

  • Merrill Lynch (1976-2015)
  • Morgan Stanley (2015-Present)

The Allegations

  • In November 1993, a customer alleged that Robert Brinckerhoff recommended a highly illiquid retirement plan. This case was settled for $200,000 in damages.
  • In January 1999, a customer alleged that Robert Brinckerhoff misrepresented the costs associated with taking loans from his variable life insurance policy. This case was settled for $75,330 in damages.
  • In October 2011, a customer alleged that Robert Brinckerhoff recommended unsuitable securities.
  • In October 2014, a customer alleged that Robert Brinckerhoff made material misrepresentations.
  • In July 2019, a customer alleged that Robert Brinckerhoff recommended an unsuitable structured product. This case is currently pending. The customer is seeking $60,000 in damages.

What Does This Mean?

Securities brokers have an obligation to their customers to only recommend securities that they are suited for. They can determine this suitability by looking at the investor’s investment objectives, risk tolerance, and financial situation. Brokers, like Robert Brinckerhoff are expected to conduct the necessary due diligence required to determine an investor’s suitability by looking at these factors. Because of this, they cannot excuse themselves by claiming they were unaware of an investment’s unsuitability.

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 Robert Brinckerhoff, please contact Oakes & Fosher for a free and private consultation.