The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Ryan Paugh. Ryan Paugh was an Ohio based securities broker. He worked in the securities industry for ten years. During his career, he was registered with four different securities firms. He is no longer working as a registered securities broker in any fashion.
His Registrations
- Quest Capital Strategies (2005)
- Raymond James & Associates (2005-2009)
- Chase Investment Services Corp. (2009-2012)
- J.P. Morgan Securities (2012-2015)
The Allegations
Ryan Paugh’s publicly available FINRA BrokerCheck report shows that he allegedly became involved with an unapproved outside investment. Paugh allegedly solicited five investors, two of which were customers of his member firm, to invest in a company that sold whole-sale computer products. The securities that these customers allegedly purchased on Paugh’s recommendation were unregistered and Paugh did not receive permission from his member firm to sell these securities. Due to these allegations, he was terminated from his position at J.P. Morgan Securities in August 2015. In October 2017, he was sanctioned by FINRA and fined $10,000 and suspended from acting as a securities broker in any fashion for a period of four months.
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 Paugh, 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.
