National investment loss lawyers KlaymanToskes is investigating broker Derek Stamos of Somerset Securities (CRD# 6667533).
According to FINRA BrokerCheck records, broker Derek Stamos of Somerset Securities has previously been involved in a customer complaint which was settled in favor of the investor for $70,000. The customer alleged an unsuitable recommendation to purchase iCap Equity private placement, which has since filed for bankruptcy.
In October 2025, a regulatory investigation involving Stamos was initiated by the Oregon Department of Consumer and Business Services, Division of Financial Regulation, Department of Enforcement. The disclosure alleges Derek Stamos while employed by Somerset Securities, sold variable annuities and private placements of unregistered securities without a required Series 63 license during the period of June 6, 2022, to July 9, 2024.
Investors that suffered losses with broker Derek Stamos are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Derek Stamos, registered as a broker with Somerset Securities, has reportedly been involved in a customer dispute. The complaint alleged unsuitable recommendations to purchase iCap Equity private placement investments. The complaint was settled in favor of the customer for $70,000. The broker’s comment listed on the disclosure states: “The matter was settled without any admission of liability or fault by the representative. The representative denied and continues to deny any wrongdoing. The matter was resolved early to avoid the significant costs, attorney fees, and risks of litigating a dispute that concerned a private placement that did not perform.”
In October 2025, the Oregon Department of Consumer and Business Services, Division of Financial Regulation, Department of Enforcement, launched an investigation into Stamos’ conduct as a registered representative of Somerset Securities. The regulator is investigating whether Stamos allegedly sold variable annuities and private placements of unregistered securities without a required Series 63 license. The broker’s comment listed on the disclosure states “The firm has requested a hearing and discovery with Oregon Division of Consumer Affairs and Business Services without waiving rights to further respond and defend. The firm denies liability for unlicensed salespersons activity and negligent supervision.”
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Derek Stamos, or have concerns regarding your investment portfolio at Somerset Securities, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.