The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Truitt Ficklin. According to his publicly available FINRA BrokerCheck report, Truitt Ficklin has been the subject of multiple customer disputes.

Truitt Ficklin was an Indiana based securities broker. He worked in the securities industry for three years with just two different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Edward Jones (2013-2015)
  • Cetera Investment Services (2015-2017)

The Allegations

  • In April 2017, a customer alleged that Truitt Ficklin recommended unsuitable investments. This case was settled for $11,821 in damages.
  • In September 2017, a customer alleged that Truitt Ficklin made material misrepresentations. This case was settled for $10,093 in damages.
  • In October 2017, another customer alleged that Truitt Ficklin made material misrepresentations. This case was settled for $15,560 in damages.
  • In November 2017, another customer alleged that Truitt Ficklin made material misrepresentations. This case was settled for $60,600 in damages.

Truitt Scott Ficklin was eventually barred by FINRA from acting as a registered securities broker in any fashion.

Misrepresentation

Misrepresentation occurs when a securities broker provides their customer with information that has been falsified concerning their investments or potential investments. This can occur due to a broker attempting to defraud their customer or by accident through the broker’s own negligence and inability to perform their job adequately. Regardless of the broker’s intent, misrepresentation can cause serious financial harm to investors due to the fact that it can cause investors to make 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 Truitt Ficklin, 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.