Over the last 12 years, Oakes & Fosher has tried and won more FINRA arbitration cases on behalf of individual investors than any other law firm in the country.

*Past results do not guarantee a similar outcome. The choice of a lawyer is an important decision and should not be based alone on prior results.

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

Todd Lamberty is a South Dakota based securities broker. He has worked in the securities industry for twenty years. During his career, he has been registered with five different securities firms.

His Registrations

  • Princor Financial Services Corporation (2000-2003)
  • Walnut Street Securities (2003-2008)
  • Woodbury Financial Services (2008-2013)
  • Questar Capital Corporation (2013-2018)
  • Newbridge Securities Corporation (2018-Present)

The Allegations

In February 2019, a customer alleged that Todd Lamberty engaged in malpractice, breached contract, managed their account negligently, and made material misrepresentation of statutory duties. This case was settled for $55,000 in damages.


Securities brokers, like Todd Lamberty, have a legal obligation to always act in the best interests of their customers. Part of this means conducting the necessary due diligence to handle their customer’s accounts to this best of their ability. When brokers let this responsibility go awry, their customers can suffer financially for it. Negligence turns out to be one of the most common things that securities brokers are accused of.

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 Todd Lamberty, 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.