Securities Lawyers Blog
Elder financial abuse, unauthorized trading, churning, and broker theft are among the most serious forms of broker misconduct, and they can occur at brokerage firms of every size. The investor attorneys at Gana Weinstein LLP represent individuals and families who have suffered investment losses because of a dishonest or negligent financial advisor, including customers of firms such as The Oak Ridge Financial Services Group, Inc. We review account activity, identify misconduct, and bring FINRA arbitration claims to recover what was lost.
The Oak Ridge Financial Services Group is an independent broker-dealer and investment adviser offering brokerage, financial planning, portfolio management, insurance and selection of outside advisers to individuals and small businesses. Organized in Minnesota in 1997, the firm is headquartered in Golden Valley, Minnesota, and primarily serves high net worth individuals.
The Oak Ridge Financial Services Group, Inc. – By the Numbers:
- CRD #: 42941
- Regulatory Events: 8
- Arbitration Events: 2
- Broker Employees: 52
The Oak Ridge Financial Services Group, Inc. – Investment Advisors:
- SEC #: 80809
- Assets Under Management: $668,581,099
- ADV Form Employee: 57
The Oak Ridge Financial Services Group, Inc. – In the News:
FINRA v. The Oak Ridge Financial Services Group, Inc. (Case #2021070609801) – Between April 2020 and January 2024, Oak Ridge effected 89 corporate bond transactions with its customers at unfair prices because the firm used the incorrect prevailing market price of the bond. Additionally, in 27 corporate bond transactions where the firm used the correct prevailing market price, its mark-up or mark-down was unfair compared to similar corporate bond transactions. Accordingly, Oak Ridge violated FINRA Rules 2121 and 2010. During the time period of September 2018 and January 2024, the firm failed to establish and maintain a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with its fair pricing obligations in violation of FINRA Rules 3110 and 2010.
FINRA v. The Oak Ridge Financial Services Group, Inc. (Case #2016052229401) – The Financial Industry Regulatory Authority’s (“FINRA”) Department of Market Regulation, Fixed Income Investigations Team (“staff”), conducted a review of the firm’s pricing of corporate bond transactions and related supervisory requirements during the period of July 1, 2016, through September 30, 2016 (the “review period”). During the review period, the firm violated FINRA Rules 2121, 3110, and 2010.
Our broker misconduct attorneys have successfully pursued FINRA arbitration claims against brokerage firms large and small. If your financial advisor at The Oak Ridge Financial Services Group, Inc. lost your money, contact Gana Weinstein LLP for a free, no obligation consultation.