The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Brian Court. According to his publicly available FINRA BrokerCheck report, Brian Court has been the subject of multiple customer disputes over the course of his career.

Brian Court is a New York based securities broker. He has worked in the securities industry for twenty-four years. During his career, he has been registered with five different securities firms.

His Registrations

  • Royce Investment Group (1995-1999)
  • Investect Ernst & Company (1999-2002)
  • Gunallen Financial (2002-2010)
  • J.P. Turner & Company (2010-2014)
  • Aegis Capital Corp. (2014-Present)

The Allegations

  • In April 2010, a customer alleged that Brian Court engaged in unauthorized trading, recommended unsuitable investment purchases, and churned their account. This case was settled for $67,500 in damages.
  • In February 2017, a customer alleged that Brian Court executed unauthorized trades, executed unsuitable transactions, and churned their account. This case was settled for $35,000 in damages.

Churning

Churning is a fraudulent and deceptive trading practice that involves the broker trading an investor’s account excessively. This is done with the express purpose of generating additional commissions for the broker. Broker’s who churn their customers’ accounts do so even if their is no financial benefit to the customer whatsoever. Churning can be detrimental to investors because of the unnecessary fees and trading losses that it causes them to incur.

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 Brian Court, please contact Oakes & Fosher for a free and private consultation.