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

Steven Schultz is a Florida based securities broker. He has worked in the securities industry for twenty-one years. During his career, he has been registered with five different securities firms.

His Registrations

  • Metropolitan Life Insurance Company (1996-1997)
  • MetLife Securities (1996-1997)
  • Prudential Securities Incorporated (1998-2002)
  • Merrill Lynch (2002-2005)
  • Oppenheimer & Co. (2005-Present)

The Allegations

In August 2018, a customer alleged that Steven Schultz recommended unsuitable investments, breached contract, breached his fiduciary duty, made fraudulent misrepresentations, made negligent misrepresentations all in connection with the purchase of Puerto Rican Bonds and securities in the energy sector. This case was settled for $70,000 in damages.

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 Schultz, 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.