Aaron O’Neal of MetLife Securities in Lake Oswego, Oregon Subject of Washington Division of Securities Complaint

Have you lost money with financial advisor Aaron O’Neal from Lake Oswego, Washington?  The law firm of Israels & Neuman is investigating allegations made against Aaron David O’Neal, who previously was registered with MetLife Securities in Lake Oswego, Washington.  The Washington Division of Securities brought a regulatory complaint against Aaron O’Neal, making various allegations.

Aaron O’Neal was alleged to have solicited customers to invest in a company called Lightfleet Corporation.  Lightfleet Corporation was purported to be developing computer networking technology.  It is alleged that O’Neal contacted a Washington resident and solicited him to invest $600,000 in Lightfleet.  O’Neal did not disclose to the investor that he received $22,500 in cash and 1,000 shares of Lightfleet for his sales efforts.  Moreover, he failed to notify his brokerage firm, MetLife Securities, of his sales of Lightfleet.  It is believed that Lightfleet investors never received a return of their investment.

Aaron O’Neal failed to respond to Washington’s complaint.  As such, Washington barred O’Neal from the securities industry.

Aaron O’Neal was a registered representative and financial advisor with MetLife Securities from December 2008 to December 2013. He worked at a branch office in Lake Oswego, Oregon.

Broker-dealers have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives.  Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in downtown Vancouver, Washington, as well as in Seattle, Washington and Denver, Colorado.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in throughout southern Washington and northern Oregon, and the Portland area.  Attorney David Neuman is licensed to practice law in the State of Washington.  Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past, including MetLife Securities, and we also have represented investors who lost money in Lightfleet.

Click to view:  O’Neal, Aaron BrokerCheck

Click to view:  O’Neal, Aaron Washington Order

If you lost money with Aaron O’Neal, MetLife Securities, or Lightfleet Corp., CONTACT US at 206-795-5798 or 720-599-3505 for a free evaluation of your case.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.