The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Michael Norman. According to his publicly available FINRA BrokerCheck report, Michael Norman has been the subject of multiple customer disputes.

Michael Norman was a Nevada based securities broker. He worked in the securities industry for twenty-seven years. He spent his entire career registered with NyLife Securities. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • In May 2018, a customer alleged that Michael Norman misrepresented the rate of return of an investment, failed to disclose associated fees, and provided them with unsuitable investment advice to buy a particular mutual fund. This case was settled for $92,000 in damages.
  • In January 2019, a customer alleged that Michael Norman failed to adequately disclose the annual fees and surrender charges associated with a variable annuity. The customer also alleged that the investment altogether was unsuitable given his liquidity needs. This case was settled for $22,818 in damages.

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 Michael Norman, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.