The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Stephen Klinger. He was a North Carolina based securities broker. He worked in the securities industry for thirty-four years. During his career, he was registered with seven different securities firms. Stephen Klinger is no longer working as a registered securities broker in any fashion.

His Registrations

  • Shearson Lehman Brothers (1985)
  • Edward D. Jones & Co. (1984-1985)
  • The Robinson-Humphrey Company (1985-1988)
  • Merrill Lynch (1988-1994)
  • Fortis Investors (1994)
  • Wachovia Securities (1994-2002)
  • Wells Fargo Clearing Services (2002-2019)

The Allegations

According to his publicly available FINRA BrokerCheck report, Stephen Klinger was terminated from his position at Wells Fargo Clearing Services following allegations that one of his customer sued him personally regarding allegations of placing the customer in unsuitable options. Klinger allegedly settled this lawsuit without reporting it to the firm. Following his termination, Stephen Klinger was barred by FINRA from acting as a securities broker in any fashion.

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 Stephen Klinger, please contact Oakes & Fosher for a free and private consultation.