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

Steven Case is a Michigan based securities broker. He has worked in the securities industry for thirty years. During his career, he has been registered with eleven different securities firms.

His Registrations

  • Selective Security Trust Financial Corp. (1989)
  • Investor Strategies (1989-1990)
  • PML Securities Company (1990-1993)
  • Princor Financial Services (1993)
  • Mariner Financial Services (1993-1994)
  • Titan/Value Equities Group (1994-1995)
  • Vestax Securities (1995-1998)
  • ING Financial Partners (1998-2004)
  • National Planning Corporation (2004-2017)
  • FSC Securities (2017-2019)
  • LPL Financial (2019-Present)

The Allegations

  • In October 2012, a customer alleged that Steven Case recommended unsuitable REIT investments. This case was settled for $20,000 in damages.
  • In May 2019, a customer alleged that Steven Case recommended three unsuitable alternative investment products. This case is presently pending. The customer is seeking an undisclosed amount in damages.

Alternative Investments

The term alternative investments is used to describe privately traded securities not sold on any public securities exchanges. These products are very complicated and very poorly regulated. Many less than scrupulous securities brokers take advantage of this poor regulation as an opportunity to misrepresent these investments as safe and consistently lucrative to unsuspecting investors. The truth is that alternative investments are incredibly unsuitable for most investors due to their speculative and illiquid nature. Since these products are not publicly traded, they do not have the guaranteed redemption that accompanies securities sold on public exchanges. In other words, investors might not always receive the amount they are told their shares are currently valued at if they wish to sell their shares.

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 Steven Case, 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.