$450,000

FINRA DR No. 19-01006

Frank Lee vs. First Kentucky Securities

Recovered full losses for retiree concentrated in two oil and gas MLPs. These MLPs, Breitburn Energy and Linn Energy made up close to 50% of Mr. Lee’s account. First Kentucky had Mr. Lee sign a letter that he was purchasing more of these stocks against the advice of his broker, however, Oakes & Fosher argued that this was an attempt for First Kentucky to shield itself from liability while really still recommending the stocks. Notably, the Panel awarded the client all his losses on Breitburn and Linn, even those purchases made referenced in the letter. The Panel also awarded the client 1/3 of his compensatory damages back as attorneys fees.

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Disclaimer: The results obtained for this or any client does not indicate that similar results can be obtained for other clients.

$247,185

FINRA DR No. 17-03513

David Ball and Misako Ball vs. Sunset Financial Group

Recovered losses for two retirees concentrated in alternative investments. The Panel agreed that the investments were unsuitable for the clients and awarded them their losses on these products. Oakes and Fosher argued that the clients should also receive an award of the contingency legal fees that they were going to pay on the award. The Panel agreed and also awarded attorneys fees and costs.

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Disclaimer: The results obtained for this or any client does not indicate that similar results can be obtained for other clients.