The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Steven Dolgin. According to his publicly available FINRA BrokerCheck report, Steven Dolgin has been the subject of a customer dispute during his career.

Steven Dolgin is a New York-based securities broker. He has worked in the securities industry for thirty-six years. During his career, he has been registered with five different securities firms.

His Registrations

  • Painewebber Incorporated (1983-1984)
  • Smith Barney, Harris Upham & Co. (1984-1989)
  • Prudential Securities Incorporated (1989-2003)
  • Wachovia Securities (2003-2004)
  • Janney Montgomery Scott (2004-Present)

The Allegations 

In January 2019, an attorney, on behalf of a customer, alleged that Steven Dolgin recommended unsuitable investments, made material misrepresentations to the customer, breached his fiduciary duty, and executed unauthorized trades in the customer’s account. This case was settled for $175,000 in damages.

What Does This Mean?

The relationship between investors and securities brokers exists on a foundation of trust. The reason that investors can generally feel secure in trusting their broker is because they are aware that brokers are obligated to always act in their customers’ best financial interests. This obligation is also known as the broker’s fiduciary duty. Brokers who breach this duty work toward the erosion of that trust, which in turn can significantly damage the broker/investor relationship.

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 Steven Dolgin, 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.