Hilary Zimmerman was a Mississippi based securities broker. She worked in the securities industry for twenty-five years. During her career, she was registered with three different securities firms.
Her registrations include; Lehman Brothers (1991-1993), Citigroup Global Markets (1993-2007), and Morgan Stanley (2007-2017). She is no longer working as a registered securities broker in any fashion.
Hilary Zimmerman’s publicly available FINRA BrokerCheck report shows that she has received multiple customer complaints over the course of her career.
In February 2010, customers alleged that Zimmerman traded excessively in their accounts. They also alleged that this trading was highly unsuitable. This case went to arbitration where the customer was awarded $387,856 in damages.
In March 2013, a customer alleged violations of FINRA rules, SEC rules and state and federal statutes, breach of contract, breach of fiduciary duty, negligence, and gross negligence. This case was settled for $1,279,340 in damages.
Also in March 2013, a customer alleged violation of industry rules and standards of care, breach of fiduciary duty, excessive turnover, fraud, negligent misrepresentation, violation of SEC rules, risky and speculative trading, manipulation of trading errors, failure to disclose information, failure to detect and stop conflicts of interest, and failure to detect and stop outside business activities. This case was settled for $2,305,673 in damages.
In April 2013, a customer alleged that Hilary Zimmerman breached her fiduciary duty. They also alleged excessive turnover, omission of facts, misrepresentation, fraud, negligence, unsuitability, violation of SEC rules and manipulation of trading errors. This case was settled for $1,774,660 in damages.
In December 2014, customers alleged that Hilary Zimmerman was complicit in the unauthorized trading and unsuitable securities purchased in their accounts. They also alleged that she misrepresented investment strategies. This case was settled for $1,295,815 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 Hilary Zimmerman, please contact Oakes & Fosher for a free and private consultation.