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

Robert Clayson was a Massachusetts based securities broker. He worked in the securities industry for forty-seven years. During his career, he was registered with eight different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • G.H. Saxton & Co. (1971-1973)
  • W.E. Hutton & Co. (1973-1974)
  • Burgess & Leith Incorporated (1974-1977)
  • Hawthorne Securities (1975-1976)
  • Bear, Stearns & Co. (1976-1999)
  • Morgan Stanley (1999-2004)
  • Wells Fargo (2004-2014)
  • Raymond James (2014-2018)

The Allegations

  • In November 2017, a customer alleged that Robert Clayson excessively traded their account, which not only generated more commissions but also negatively impacted the performance of the account. This case was settled for $43,495 in damages. Robert Clayson was discharged from his position at Raymond James following the allegations.
  • In May 2019, another customer alleged that Robert Clayson excessively traded their account. This case is presently pending. The customer is seeking $16,000 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 helping investors across the nation. If you, or someone you know, have lost money investing with Robert Clayson, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.