The law firm of Oakes & Fosher is presently investigating the possible misconduct of securities broker William Rossi III. According to his publicly available FINRA BrokerCheck report, William Rossi III has been the subject of a customer dispute.

William Rossi III is a Florida based securities broker. He has worked in the securities industry for twenty-two years. During his career, he has been registered with two different securities firms.

His Registrations

  • Raymond James (1997-2000)
  • Valmark Securities (2000-Present)

The Allegations

In January 2018, a customer alleged that William Rossi III breached his fiduciary duty. This case is currently pending. The customer is seeking $400,000 in damages.

Breach of Fiduciary Duty 

Securities brokers have an obligation to always act in the best financial interests of their customers. This obligation is also referred to as their fiduciary duty. This duty is actually the entire foundation of the investor and broker relationship. Investors would never be able to leave their money with an outside party unless they could trust that it could be safe. This trust only exists because brokers are bound by their fiduciary duty to always act on the side of the customer. Securities brokers who breach this duty work toward the erosion of that trust.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker misconduct. 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 William Rossi III, 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.