Over the last 12 years, Oakes & Fosher has tried and won more FINRA arbitration cases on behalf of individual investors than any other law firm in the country.

*Past results do not guarantee a similar outcome. The choice of a lawyer is an important decision and should not be based alone on prior results.

UBS Financial’s Yield Enhancement Strategy

The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Aaron Brodt. According to his publicly available FINRA BrokerCheck report, Aaron Brodt has been the subject of multiple customer disputes.

Aaron Brodt was an Arizona based securities broker. He worked in the securities industry for ten years. During his career, he was registered with three different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Meridian United Capital (2008-2012)
  • Accelerated Capital Group (2012-2016)
  • Peachcap Securities (2016-2018)

The Allegations

  • In April 2016, an attorney, on behalf of a customer, alleged that Aaron Brodt recommended the customer purchase an investment that was unsuitable for them. This case was settled for $116,667 in damages.
  • In May 2017, customers alleged that Aaron Brodt managed their account negligently, made material misrepresentations/omissions, breached his fiduciary duty, and breached contract. This case was settled for $95,000 in damages.
  • In January 2020, customers alleged that Aaron Brodt failed to conduct due diligence in addition to other sales practice violations. This case is currently pending. The customers are seeking $430,000 in damages.

What Does This Mean?

Securities brokers have an obligation to their customers to always look out for their best financial interests. This means taking all of the appropriate steps necessary to determine what investments are suitable based on factors like investment objectives and risk tolerance. This is also referred to as conducting the necessary due diligence. Brokers who fail to do this do not have their customer’s best interests at heart.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Aaron Brodt, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.