The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Thomas Vilord. According to his publicly available FINRA BrokerCheck report, Thomas Vilord has been the subject of multiple customer disputes.
Thomas Vilord was a New Jersey based securities broker. He worked in the securities industry for fifteen years. During his career, he was registered with four different securities firms. He is no loner working as a registered securities broker in any fashion.
- Salomon Smith Barney (2000-2001)
- Morgan Stanley (2001-2007)
- Sagepoint Financial (2007-2013)
- Summit Brokerage Services (2013-2016)
- In May 2013, it was alleged that Thomas Vilord violated the Securities Exchange Act of 1934. This case was settled for approximately $25,000 in damages.
- In October 2014, a customer alleged that Thomas Vilord breached contract and engaged in fraud. This case was settled for approximately $65,000 in damages.
- In December 2016, Thomas Vilord was officially sanctioned by FINRA. The findings in this matter state that he engaged in private securities transactions involving almost $350,00 in unregistered corporate debenture notes sold to customers of his member firm. Due to these alleged actions, he was barred by FINRA from acting as a securities broker in any fashion.
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, had lost money investing with Thomas Vilord, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charge unless we collect for you.