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

Baris Alkoc was a New Jersey based securities broker. He worked in the securities industry for six years. During his career, he was registered with six different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • New England Securities (2011-2014)
  • Garden State Securities (2013-2014)
  • American Capital Partners (2014)
  • MetLife Securities (2015)
  • Adirondack Trading Group (2015-2016)
  • National Securities Corporation (2016-2019)

The Allegations

In September 2017, a customer alleged that Baris Alkoc recommended unsuitable investments, breached his fiduciary duty, and made negligent misrepresentations. This case was settled for $550,000 in damages.

What Does This Mean?

The relationship between investor and broker can only exist if there is trust. There is no way investors could leave their money with a separate party if they could not trust it would be taken care of. The reason this trust exists in the first place is because investors know that brokers are bound by their fiduciary duty to always act in their customer’s best interests. Brokers who breach this duty work toward the erosion of that trust.

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 Baris Alkoc, 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.