Robert Buffington Allegedly Executes Unauthorized Trades

The law firm of Oakes & Fosher is currently investigating the alleged misconduct of securities broker Robert Buffington. According to his publicly available FINRA BrokerCheck report, Robert Buffington was the subject of multiple customer disputes over the course of his career.

Robert Buffington was a New York-based securities broker who worked in the securities industry for twelve years. During his career, he has been registered with four different firms.

His Registrations 

• Bear, Sterns & Co. (2007-2007)


• Gunnallen Financial (2007-2008/2008-2010)


• Maxim Group (2008-2008)


• Aegis Capital Corp (2010-2019)

The Allegations 

• In February 2018, a customer alleged that Robert Buffington executed unsuitable and unauthorized investments. This case was settled for $414,805 in damages.


• In January 2020, a customer alleged that Buffington recommended unsuitable investments, excessively traded, and breached his fiduciary duty. This case is currently pending.


• In January 2020, a customer alleged that Buffington recommended unsuitable investments, excessively traded, and breached his fiduciary duty. This case is currently pending.


• In March 2020, a customer alleged that Buffington recommended unsuitable investments and breached his fiduciary duty. This case is currently pending.

What Does This Mean?

The relationship between investors and securities brokers exists on a foundation of trust. The reason that investors can generally feel secure in trusting their broker is because they are aware that brokers are obligated to always act in their customers’ best financial interests. This obligation is also known as the broker’s fiduciary duty. Brokers who breach this duty work toward the erosion of that trust, which in turn can significantly damage the broker/investor relationship.

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 due to this fraud or negligence 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 Buffington, 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.