Charles Obryant was North Carolina based securities broker. He worked in the securities industry for thirty-seven years. During his career, he was registered with eight different securities firms.
His registrations include Smith Barney, Harris Upham & Co. (1979-1980), E.F. Hutton & Company (1980-1985), Carolina Securities Corporation (1985-1988), Thomas McKinnon Securities (1988-1989), Legg Mason Wood Walker, Incorporated (1989-2003), Powell Johnson (2003-2004), Stifel, Nicolaus & Company Incorporated (2004-2016), and Thompson Davis & Co. (2016-2017). He is no longer working as a registered securities broker in any fashion.
Charles Obryant’s publicly available FINRA BrokerCheck report shows that he received multiple customer complaints over the course of his career.
In December 2013, a customer alleged that Charles Obryant purchased stocks without their knowledge or approval.
In October 2014, customers alleged that the purchases of specific securities were both unauthorized and outside their risk parameters. The alleged transgressions taking place between May and July of 2013.
In October 2015, customers alleged negligence, unsuitability, and breach of fiduciary duty. This case was settled for $632,298 in damages. Charles Obryant was discharged from his position at Stifel, Nicolaus & Company Incorporated after the firm lost confidence in his abilities due to the settlement of this complaint.
In December 2016, customers alleged negligence, unsuitability, unauthorized trading, violations of FINRA rules, breach of fiduciary duty, and breach of contract. This case was settled for $95,000 in damages.
In March 2017, a customer alleged breach of fiduciary duty, churning, and unsuitable investment recommendations. This case was settled for $330,000 in 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 Charles Obrynt, please contact Oakes & Fosher for a free and private consultation.