Oakes & Fosher in the News
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Investment Fraud Oakes & Fosher Wins Million Dollar Marc Korsch Case
In the only arbitration tried to date involving the actions of stockbroker Marc Korsch, Oakes & Fosher secured a seven-figure dollar award on behalf of its Florida client. The client had invested in an equity-indexed annuity recommended by Marc Korsch, and…
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Oakes & Fosher in the News GPB Capital arbitration awards piling up on wealth managers
By Tobias Salinger | January 25th, 2022 After wealth managers helped sell scandal-plagued private placements to an estimated 4,000 seniors and 13,000 other retail clients, they’re getting hit with a steady stream of arbitration awards. MSC-BD, a brokerage…
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Oakes & Fosher in the News Elderly Investor Wins $2.6 Million From Indie Firm In FINRA Arbitration
By Vicky Ge Huang | January 8th, 2020 A Finra arbitration panel has ordered National Planning Corp. to pay $2.6 million to an octogenarian customer who bought fraudulent promissory notes, non-traded real estate investment trusts (REITs) and other unsuitable…
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Oakes & Fosher in the News Oakes & Fosher Attorneys Secure $2.6 Million in Damages For Elderly Investor
The Investor Advocate Law Firm of Oakes & Fosher, LLC, www.oakesfosher.com, a law firm specializing in representing investors in cases against stock brokers and brokerage firms, announced today that a three-member Financial Industry Regulatory Authority…
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Oakes & Fosher in the News Oppenheimer Ordered to Pay Investor $1.2 Million in Case
Oppenheimer Ordered to Pay Investor $1.2 Million in Case By Caitlin Nish | January 18, 2013 NEW YORK--An arbitration panel has ordered Oppenheimer & Co. to pay nearly $1.2 million to a Texas investor who accused two of the firm's brokers of excessive trading…
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Oakes & Fosher in the News Stifel Nicolaus To Pay $42,000 Award To Investor
Stifel Nicolaus To Pay $42,000 Award To Investor By Diana Barr | April 1, 2011 An investor who lost money more than a year ago in a Ponzi scheme run by a former St. Louis-area broker has been awarded more than $42,000 in damages and fees from Stifel, Nicolaus…
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Oakes & Fosher in the News Oakes And Fosher Sues New England Securities For Alleged Failure To Supervise
Tale Of Cheating Planner Teaches Lesson By Jim Gallagher | September 27, 2009 In December 2006, Marge and Clyde Crutcher of Godfrey got a letter from the financial planner managing their life savings: "Dear Marge, By the time you receive this I'll be dead.…
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Oakes & Fosher in the News Oakes & Fosher Convinces FINRA Arbitrators To Order Trustmont Financial To Pay Client $1 Million In Damages
Financial Industry Regulatory Authority Inc. arbitrators ordered Pennsylvania-based Trustmont Financial Group Inc. to pay a client more than $1 million in damages.
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Oakes & Fosher in the News Oft-Sanctioned Ex-Broker Kathleen Tarr Loses Expungement Request
The same day that an arbitrator last week completed a six-hour hearing on former independent broker Kathleen J. Tarr’s bid to expunge a customer’s complaint about allegedly unsuitable sales of privately-traded REIT sales from her regulatory record, he denied…
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Oakes & Fosher in the News Couple Wins $922k Arbitration Claim Over Illiquid Real Estate Investments
Couple Wins $922K Arbitration Claim Over Illiquid Real Estate Investments By Bruce Kelly | December 15, 2016 Mid Atlantic Capital Corp., an independent broker-dealer, lost a $922,000 arbitration award on Tuesday to a couple who sued the company over sales of…
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Oakes & Fosher in the News Royal Alliance to pay $1.4 million over nontraded REIT, VA Sales
Royal Alliance to Pay $1.4 million Over Non-Traded REIT, VA Sales By Mason Braswell | July 16, 2015 Royal Alliance Associates Inc., one of four subsidiary broker-dealers of AIG Adviser Group, has been ordered to pay $1.4 million to three retirees over…
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Oakes & Fosher in the News Will New Rules Oust The IRA Scoundrels?
“The Labor Department has set out to purify the sometimes putrid advice people get on investments in their retirement accounts. But will the new rule proposed last week do the trick? The rule says that financial advisers have to put the clients’ interest…
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