The law firm of Oakes & Fosher is presently investigating the possible misconduct of securities broker John R. Holland. According to his publicly available FINRA BrokerCheck report, John R. Holland has been the subject of multiple customer disputes over the course of his career.

John R. Holland is a West Virginia based securities broker. He has worked in the securities industry for twenty-four years. During his career, he was registered with two different securities firms.

His Registrations

  • Securities Management & Research (1994-2014)
  • Summit Brokerage Services (2014-Present)

The Allegations

  • In December 2008, a customer alleged that John R. Holland miscommunicated where funds would be allocated to. This case was settled for $45,327 in damages.
  • In March 2012, a customer alleged that John R. Holland recommended an unsuitable product and that the product had been misrepresented. This case was settled for $27,500 in damages.
  • In August 2014, John R. Holland was terminated from his position at Securities Management & Research following allegations that he altered client documents.
  • In May 2019, a customer alleged that John R. Holland handled their account negligently and breached his fiduciary duty. This case is currently pending. The customer is seeking $1 million in damages.

Breach of Fiduciary Duty

Securities brokers, like John R. Holland, have an obligation to always act in the best interests of their customers. This obligation is also referred to as their fiduciary duty. This duty is essential to the investor/securities broker relationship. Investors would not be able to leave their money with another individual if they could not trust them. The reason investors trust their brokers, is because brokers are bound by their duty to always act in the best financial interests of their customers. 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 fraud and/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 John R. Holland, please contact Oakes & Fosher for a free and private consultation.