The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Anthony Buono. According to his publicly available FINRA BrokerCheck report, Anthony Buono has been the subject of a customer dispute.

Anthony Buono is a New York based securities broker. He has worked in the securities industry for nine years. During his career, he has been registered with four different securities firms.

His Registrations

  • John Thomas Financial (2010)
  • Aegis Capital Corp. (2010)
  • Charles Vista (2010-2013)
  • National Securities Corporation (2013-Present)

The Allegations 

In December 2019, a customer alleged that Anthony Buono recommended unsuitable investments and breached his fiduciary duty. This case is currently pending. The customer is seeking $150,000 in damages.

What Does This Mean?

Securities brokers are a brand of money manager known as fiduciaries. These individuals have a duty to their customers to do everything in their power to act in the customer’s best financial interests. Brokers who either fraudulently choose investments that benefit themselves at the expense of their customers, or ones who negligently fail to conduct the necessary due diligence required to invest their customer suitably have violated their duty as a fiduciary. This duty is crucial to the existence of the broker/investor relationship. Investors could never trust their hard earned money with a separate individual if they could not trust it to be taken care of. The main reason this trust even exists is because investors are assured that brokers are bound by their duty to always act in their (the customers) best financial interests. Brokers who breach this duty, such as Anthony Buono, work toward eroding the trust between brokers and investors.

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 Anthony Buono, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.