The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Robert Snow. According to his publicly available FINRA BrokerCheck report, Robert Snow has been the subject of a customer dispute.
Robert Snow is presently operating as Texas-based securities broker. He has worked in the securities industry for twenty years. During his career, he has been registered with six different securities firms.
His Registrations
In July 2019, an attorney, on behalf of an investor, alleged that Robert Snow recommended highly unsuitable investments between April 2017 and April 2019. This case is currently pending. The customer is seeking $350,000 in damages.
What Does This Mean?
Securities brokers have a duty to their customers to always act in their best financial interests. The main part of this means that they are to only recommend securities that are suitable for them. Brokers like Robert Snow can determine this by looking at their customer’s investment objectives, financial situation, and liquidity needs. Recommending unsuitable securities can either be fraudulent or occur due to the broker’s negligence and failure to conduct the necessary due diligence. Regardless of intent, being invested in securities they are not financially suited for can be detrimental to investors.
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 Snow, please contact Oakes & Fosher for a free and private consultation.
