The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Roger Deal. According to his publicly available FINRA BrokerCheck report, Roger Deal has been the subject of a customer dispute in his career.
Roger Deal is a Nebraska based securities broker. He has worked in the securities industry for twenty-seven years. During his career, he has been registered with seven different securities firms.
His Registrations
- Pruco Securities Corporation (1992-1994)
- Liberty Securities Corporation (1994-1995)
- Aragon Financial Services (1995-1996)
- Royal Alliance Associates (1996-1998)
- Vestax Securities (1998-2001)
- Royal Alliance Associates (2001-2014)
- Geneos Wealth Management (2014-Present)
The Allegations
In October 2014, customers alleged that Roger Deal made material misrepresentations of fact, recommended unsuitable investments, and failed to conduct reasonable due diligence in connection with ‘Tenancy in Common’ investments. This case was settled for $500,000 in damages.
What Does This Mean?
Misrepresentation is a very serious charge, as it can often result in very serious financial harm to an investor. Essentially, misrepresentation occurs when a securities broker provides an investor with information that has been falsified or obscured in some manner. This can be either on purpose, in an attempt to defraud the investor, or by accident through the broker’s negligence. Regardless of the broker’s intent, misrepresentation can cause significant losses in an investor’s account as it can lead to them making crucial financial decisions based on misinformation.
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 Roger Deal, 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.
