The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Sean Logue. According to his publicly available FINRA BrokerCheck report, Sean Logue has been the subject of multiple customer disputes over the course of his career.

Sean Logue is a New Jersey-based securities broker. He has worked in the securities industry for twenty-two years. He has spent his entire career registered with Hennion & Walsh, Inc.

The Allegations

  • In July 2010, a customer alleged that Sean Logue made unsuitable investments in their account. This case was settled for $18,000 in damages.
  • In November 2016, another customer alleged Sean Logue recommended unsuitable investments. This case was settled for $49,000 in damages.
  • In February 2017, customers alleged that their bonds purchased on Sean Logue’s recommendation were unsuitable. This case was settled for $60,000 in damages.

What Does This Mean?

Securities brokers have an obligation to their customers to only recommend securities that they would be financially suited for. These brokers can determine if an investment is suitable by analyzing pertinent financial information provided to them that is specific to the customer. This includes the customer’s investment objectives, financial situation, risk tolerance, and liquidity needs. Brokers who invest their customers contrary to their specific factors, whether fraudulently or negligently, lack the ability to perform the duties to the necessary standard required for their position.

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 Sean Logue, 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.