The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Travis Lippmann. According to his publicly available FINRA BrokerCheck report, Travis Lippmann has been the subject of multiple customer disputes over the course of his career.

Travis Lippmann is a New York based securities broker. He has worked in the securities industry for eight years. During his career, he has been registered with eight different securities firms.

His Registrations 

  • National Securities Corporation (2011-2012)
  • Global Arena Capital Corp. (2012-2013)
  • John Carris Investments (2013-2014)
  • Coastal Equities (2014)
  • Dawson James Securities (2014-2016)
  • Maxim Group (2016-2017)
  • Newbridge Securities Corporation (2017-2019)
  • Joseph Stone Capital (2019-Present)

The Allegations 

  • In August 2019, a customer alleged that Travis Lippmann recommended unsuitable investments, made material misrepresentations and omissions, and managed their account negligently. This case is currently pending. The customer is seeking $200,000 in damages.
  • In January 2020, a customer alleged that Travis Lippmann breached his fiduciary duty, recommended unsuitable investments, made material misrepresentations, and managed their account negligently. This case is currently pending. The customer is seeking $450,000 in damages.

What Does This Mean?

One notable allegation levied against Travis Lippman was that he made material misrepresentations to his customers. Misrepresentation occurs when a securities broker provides an investor with information that has been falsified. This can occur either by accident, through the broker’s own negligence, or on purpose, through the broker’s fraudulent intent. Regardless of the broker’s intent, misrepresentation can cause significant financial harm to investors as it can cause them to make crucial financial decisions based on misinformation.

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 Travis Lippmann, please contact Oakes & Fosher for a free and private consultation. We handle cases on a contingency basis, which means there are no fees charged unless we collect for you.