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

Steven Yellen was Texas-based securities broker. He worked in the securities industry for thirty-three years. During his career, he was registered with just two different securities firms.

His Registrations

  • Morgan Stanley (1984-2016)
  • Ameriprise Financial Services (2016-2018)

The Allegations

  • In June 2013, a customer alleged that Steven Yellen failed to follow instructions. This case was settled for $5,000 in damages.
  • Steven Yellen was terminated from his position at Ameriprise Financial in January 2018. This followed allegations that he violated the firm’s policy regarding outside business activities and options trading.

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 Yellen, please contact Oakes & Fosher for a free and private consultation.