Tamara Steele was an Indiana based securities broker. She worked in the securities industry for seventeen years. During her career, she was registered with four different securities firms.
Her registrations included; Franklin Financial Services Corporation (1999-2002), American General Securities Incorporated (2002-2007), Purshe Kaplan Sterling Investments (2008), and Comprehensive Asset Management and Servicing (2009-2017). She is no longer working as a registered securities broker in any fashion.
Tamara Steele’s publicly available FINRA BrokerCheck report shows that she has received multiple customer complaints over the course of her career.
In July 2017, a customer alleged that Steele engaged in outside business activities, sold securities away from her member firm, made unsuitable investment recommendations, engaged in negligent account management, violated the Indiana Securities Act, sold unregistered and non-exempt securities, breached her fiduciary duty, violated FINRA Conduct Rules, and acted negligently. These allegations were related to the purchase of Behavioral Recognition Systems securities. This case went to arbitration where the customer was awarded $172,408 in damages.
In January 2018, customers alleged that investments recommended by Tamara Steele were not suitable given their investment objectives. The customers also alleged that the investments were misrepresented to them by Steele. This case was settled for $44,500 in damages.
In March 2018, a customer alleged Tamara Steele sold away from her member firm, executed private securities transactions, made unsuitable investments, engaged in negligent account management, violated the Indiana Securities Act, sold unregistered and non-exempt securities, breached her fiduciary duty, and violated FINRA Conduct Rules. This case is currently pending. The customer is seeking $124,757 in damages. Tamara Steele received three identical complaints between May and July of 2018. These cases were settled for a total of $250,430 in damages.
Throughout October and November 0f 2018, Tamara Steele received multiple complaints from customers alleging that certain investments she recommended to them were not suitable based on their investment objectives. The customers also alleged that the investments had been misrepresented to them. Most of these complaints are currently pending. One of them was settled for $1,181,449 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 Tamara Steele, please contact Oakes & Fosher for a free and private consultation.