The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Yvonne Silguero. According to her publicly available FINRA BrokerCheck report, Yvonne Silguero has been the subject of multiple customer disputes over the course of her career.
Yvonne Silguero is a Texas based securities broker. She has worked in the securities industry for twenty years. During her career, she has been registered with two different securities firms.
Her Registrations
- Raymond James (1999-2008)
- LPL Financial (2008-Present)
The Allegations
- In April 2017, a customer alleged that Yvonne Silguero recommended securities that were unsuitable for him. This case went to arbitration where the customer was awarded an undisclosed amount in damages.
- In August 2019, a customer alleged that Yvonne Silguero handled their account negligently, made material misrepresentations, omitted material facts, breached her fiduciary duty, and breached contract. This case is currently pending. The customer is seeking $500,000 in damages.
What Does This Mean?
One of the most noteworthy allegations levied against Yvonne Silguero was that she made material misrepresentations and omissions of material facts. Omission occurs when a broker fails to disclose pertinent information to their customer about their investment or potential investment. Misrepresentation occurs when a broker provides their customer with falsified information about their investment or a potential investment. Misrepresentation and omission can occur either as a result of the broker’s fraudulent intent, or rather due to the broker’s negligence and inability to perform their job adequately. Regardless of intent, misrepresentation and omission can be incredibly harmful to investors as it can cause them to purchase securities 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 Yvonne Silguero, 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.
