Many investors are unaware of the legal recourse available to them after losing money due to securities broker misconduct. The truth is that investors may be entitled to damages if they have lost money in this fashion. The law firm of Oakes & Fosher is currently interested in hearing from investors who feel this may be them.

Oakes & Fosher is currently investigating the possible negligence and/or misconduct by former securities broker Stephen Whittaker. According to his publicly available FINRA BrokerCheck report, Stephen Whittaker has been the subject of a customer dispute in his career.

Stephen Whittaker worked most recently as an Arizona based securities broker. He worked in the securities industry for fifteen years. During his career, he was registered with three different securities firms.

His Registrations

  • A.G. Edwards & Sons (2003-2006)
  • Morgan Stanley (2006-2012)
  • First Financial Equity Corporation (2012-2019)

The Allegations

  • In April 2019, a customer alleged that Stephen Whittaker executed unauthorized trades and made unsuitable trades in their account. This case was settled for $40,110 in damages.
  • In April 2019, Stephen Whittaker was discharged from his position at First Financial Equity Corporation following allegations that he engaged in undisclosed outside business activities.

What Does This Mean?

Securities brokers are not allowed to engage in private business ventures without disclosing them to their member firms. This is because private business activities can create significant conflicts of interests with securities brokers and their investment recommendations. Investors who believe that they lost money due to a conflict of interest from their securities broker may be entitled to damages.

Oakes & Fosher Can Help

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Stephen Whittaker, please contact Oakes & Fosher for a free and private consultation.