Paul Porter is a Pennsylvania based securities broker. He has worked in the securities industry for eighteen years. During his career, he has been registered with just two different securities firms. They were Citigroup Global Markets (2001-2006) and Wells Fargo Clearing Services (2006-Present).
Paul Porter’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.
In 2008, an attorney, on behalf of a customer, alleged unsuitable investment recommendations, misrepresentation, unsuitability, negligence, breach of fiduciary duty, and fraud. This case was settled for $30,000 in damages.
In May 2012, a customer alleged unauthorized trading against Porter.
In March 2018, a customer alleged that Paul Porter sold securities without her authorization or knowledge. Prior to this alleged transgressions, the customer explicitly told Porter that she would never want to sell unless she made the decision. The alleged transgressions taking place between July 2017 and January 2018. This case was settled for $61,755.03 in damages.
In January 2019, a customer alleged that Porter failed to liquidate investments when requested. The alleged transgressions taking place between July 2018 and December 2018.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Paul Porter, please contact Oakes & Fosher for a free and private consultation.