The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Stacee Malcolm. According to her publicly available FINRA BrokerCheck report, Stacee Malcolm has been the subject of multiple customer disputes.

Stacee Malcolm is an Oregon based securities broker. She has worked in the securities industry for eighteen years. During her career, she has been registered with four different securities firms.

Her Registrations

  • WMA Securities (2000-2002)
  • World Group Securities (2002-2004)
  • Allstate Financial Services (2004-2015)
  • LPL Financial (2015-Present)

The Allegations

  • In April 2016, a customer alleged that she felt deceived by Stacee Malcolm when purchasing a variable annuity.
  • In September 2016, a customer questioned the suitability of the prudential variable annuity she had purchased on Stacee Malcolm’s recommendation.
  • In March 2017, a customer alleged that Stacee Malcolm told her their annuity was guaranteed to earn 6% when, in fact, it was not.
  • In October 2017, a customer alleged that Stacee Malcolm misrepresented the income rider provisions associated with their variable annuities, including the interest rate of the protected withdrawal value and how taking RMDs would affect their income benefits.
  • In February 2019, a customer alleged that Stacee Malcolm told him he would get a guaranteed 5.5 percent rate of return. The customer also also alleged that Stacee Malcolm failed to inform him of the 2.9 percent fees and of the fact that he would have no control over the investment options.

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 Stacee Malcolm, please contact Oakes & Fosher for a free and private consultation.