The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Ryan Botner. According to his publicly available FINRA BrokerCheck report, Ryan Botner has been the subject of a customer dispute.

Ryan Botner was a North Dakota based securities broker. He worked in the securities industry for thirteen years. During his career, he was registered with two different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Northwestern Mutual Investment Services (2006-2012)
  • MML Investors Services (2012-2019)

The Allegations

  • In June 2019, customers alleged that Ryan Botner forged their signatures on insurance policy applications and/or loan applications. This case was settled for $24,541 in damages.
  • In June 2019, a customer alleged that Botner forged his signature on an insurance policy application. This case was settled for $68,596 in damages.

Forgery

Forgery is a serious accusation for anyone, but it can be especially dangerous when coming from a securities broker. This is because brokers are required to act responsibly towards their clients– this is known as their fiduciary duty. This duty serves as the foundation of trust between an investor and a broker, and brokers that violate this duty work to erode that trust. Forgery is one way this can be done, and it involves brokers assuming the identity of their client for the purpose of signing documents. This can often completely dismiss the investor from the process entirely and remove control from their hands. Often, such as in the case of Ryan Botner, brokers will use this to commit fraudulent acts.

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 Ryan Botner, 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.