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

Carol Holesha was an Illinois based securities broker. She worked in the securities industry for thirty-two years. During her career, she was registered with three different securities firms. She is no longer working as a registered securities broker in any fashion.

Her Registrations

  • River North Securities Corp. (1986-1988)
  • Mutual Service Corporation (1988-2009)
  • LPL Financial (2009-2018)

The Allegations

  • In March 1993, a customer alleged that Carol Holesha recommended unsuitable investments, handled their account negligently, breached her fiduciary duty, and omitted material facts. This case was settled for $150,000 in damages.
  • Carol Holesha was officially sanctioned by FINRA in November 2018. The findings in this matter state that she borrowed $125,000 from a member firm customer without obtaining her firm’s authorization. Due to the alleged actions, she was fined $7,500, forced to repay the $125,000 in restitution, and suspended from acting as a securities broker in any fashion for a period of five months. She had been terminated from her position at LPL Financial four months prior due to the allegations.

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 Carol Holesha, 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.