The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Stefan Pastor. According to his publicly available FINRA BrokerCheck report, Stefan Pastor has been the subject of multiple customer disputes.
Stefan Pastor was a Florida based securities broker. He worked in the securities industry for eleven years. During his career, he was registered with three different securities firms. He is no longer working as a registered securities broker in any fashion.
His Registrations
- Ameriprise Financial Services (2006-2011)
- Walnut Street Securities (2011-2013)
- Raymond James Financial Services (2013-2018)
The Allegations
- In April 2018, a customer alleged that Stefan Pastor forged documents in order to execute unauthorized trades. This case was settled for $60,000 in damages.
- In January 2019, a customer alleged that Stefan Pastor misrepresented a mutual fund investment. She also alleged that an unauthorized premium payment was taken from her account. This case is presently pending. The customer is seeking $46,995 in damages.
- He was officially sanctioned by FINRA in September 2019. The findings in this matter state Pastor failed to comply with an investigation into allegations that he executed unauthorized transactions. Due to this alleged failure, Stefan Pastor was barred by FINRA from acting as a securities broker in any fashion.
Unauthorized Trading
Securities brokers are not allowed to execute transactions on their customer’s behalf without first obtaining said customer’s authorization. Just because an investor has hired a broker to recommend suitable securities, does not mean they have forfeited their right to have final say regarding what they are ultimately invested in. One reason brokers sometimes circumvent this procedure is because the investment they wish to place the customer in is actually highly unsuitable for them.
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 Stefan Pastor, 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.
