Derek Stamos at Somerset Securities Under Regulatory Inquiry, Investors Urged to Review

/ By
Financial Advisor Lost My Money

Haselkorn & Thibaut has recently opened an investigation into Derek Stamos, a financial advisor with Somerset Securities, based in Portland, Oregon. Investors seeking transparency are encouraged to carefully review the advisor’s background, history of client complaints, and any pending regulatory actions. This detailed report aims to help you make informed decisions, recognize potential red flags, and understand your options if you have concerns about your investments with Derek Stamos or Somerset Securities. If you have experienced losses, contact Haselkorn & Thibaut at 1-888-885-7162 for a free and confidential consultation.

About Derek Stamos – Somerset Securities, Portland, Oregon

Derek Stamos (CRD# 6667533) is a broker registered with Somerset Securities, primarily serving clients in Portland, Oregon, and is licensed to operate in California, Florida, Texas, and Oregon. According to FINRA BrokerCheck records, Stamos has three years of industry experience and holds the following securities licenses:

  • Securities Industry Essentials Examination (SIE)
  • General Securities Representative Examination (Series 7TO)
  • Uniform Securities Agent State Law Examination (Series 63)

Before making any investment decisions, investors are encouraged to verify the most current registration status and any disclosures via FINRA BrokerCheck.

Key Regulatory and Legal Findings

When assessing any financial advisor, it is crucial to know about existing or past regulatory issues, legal complaints, or supervisory challenges. Below is a full summary specific to Derek Stamos and his associated broker-dealer, Somerset Securities:

Area Summary
Regulatory Actions
  • Pending Enforcement Action: As of October 2025, the Oregon Department of Consumer and Business Services, Division of Financial Regulation, has filed a pending enforcement action against Derek Stamos. The allegations state that Mr. Stamos sold investments in variable annuities and private placements of unregistered securities without the required licensure between June 2022 and July 2024.
  • Status: The enforcement action remains pending. Somerset Securities is actively contesting the matter, has requested a hearing, and denies liability, stating that it does not accept responsibility for unlicensed salespersons’ activity or negligent supervision.
Customer Complaints
  • Investor Complaint (2023): Alleged unsuitable recommendation of an iCap Equity private placement during Derek Stamos’s tenure with Somerset Securities.
  • Resolution: Settled in 2024 for $70,000. Investors should recognize settlements can indicate possible issues with the suitability of recommendations or product risk disclosure.
SEC/Federal Actions No SEC enforcement actions, cease-and-desist orders, or administrative proceedings have been filed against Derek Stamos. No Wells notices or ongoing federal investigations are noted.
Court Filings & Lawsuits A review of federal and state court records finds no lawsuits, class-action suits, or employment disputes directly naming Derek Stamos.
Firm-Level (Somerset Securities)
  • No regulatory sanctions at the firm level directly implicate Mr. Stamos.
  • The firm has received complaints regarding other registered reps but none involving Stamos, aside from the matters noted above.

Detailed List of Complaints and Disclosures

  • Pending State Regulatory Action (Oregon Dept. of Consumer and Business Services):

    • Allegation: Unlicensed sales involving variable annuities and unregistered securities (June 2022–July 2024)
    • Status: Pending as of January 2026
    • Firm Response: Requests hearing and discovery, denies supervisory failure
  • Customer Complaint (2023):

    • Allegation: Unsuitable iCap Equity private placement investment recommendation
    • Settlement: $70,000 (2024)

Potential Red Flags for Investors

  • Pending Regulatory Actions: Unresolved allegations or actions with state or federal authorities are a key sign that investors need to proceed with caution and remain informed about further developments.
  • Settled Customer Complaints: A settlement, even if not an admission of wrongdoing, can indicate a previous issue in the way products were recommended or sold.
  • Product Concerns: Involvement with private placements and variable annuities, which are often complex and higher risk, can be a signal that a thorough suitability analysis may not have been conducted.

Why Choose Haselkorn & Thibaut for a Case Review?

Haselkorn & Thibaut (investmentfraudlawyers.com) is a national securities fraud law firm with over 50 years of combined experience, a 98% success rate, and millions recovered for clients nationwide. The firm operates on a no recovery, no fee basis, so you pay nothing unless you recover your losses. Our team is comprised of compassionate professionals dedicated to advocating for investors who have experienced losses due to mismanagement, fraud, or unsuitable investment recommendations.

What To Do If You Have Concerns About Derek Stamos or Somerset Securities?

  • Review your investment statements for unexplained losses or unfamiliar products.
  • Contact Haselkorn & Thibaut at 1-888-885-7162 for a free and confidential consultation.
  • Preserve all records of communication and investment recommendations you received.

If you or a loved one have questions or concerns regarding investments made through Derek Stamos at Somerset Securities in Portland, Oregon, you deserve clear answers and a path toward recovery. Let the skilled attorneys at Haselkorn & Thibaut help review your options. Our experience can guide you in understanding your rights, the available legal remedies, and how to move forward if you’ve experienced losses due to unsuitable or unapproved investment practices.

Take control of your financial future today. Call Haselkorn & Thibaut at 1-888-885-7162 for your complimentary case assessment and get the trusted guidance you need.

Disclaimer: The information contained in any post on this website is derived from publicly available sources and is not guaranteed as to accuracy and often involves allegations which may or may not be proven at some point in the future. All posts are believed to be accurate as of the time of original posting, but the accuracy and details are subject to and expected to change over time and which may contain opinions of the author at the time posted.
Scroll to Top