The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Christopher Cervino. According to his publicly available FINRA BrokerCheck report, Christopher Cervino has been the subject of customer complaints, sanctions from both FINRA and the SEC, and criminal charges.

Christopher Cervino was a New York-based securities broker. He worked in the securities industry for eighteen years. During his career, he was registered with twelve different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • H.J. Meyers & Co. (1996-1998)
  • Sharpe Capital (1998-2000)
  • Ladenburg, Thalami & Co. (2000-2002)
  • Carlin Equities (2002-2007)
  • RBC Capital Markets Corporation (2007-2008)
  • RBC Professional Trader Group (2008)
  • Lighthouse Financial Group (2008-2010)
  • GFI Securities (2010-2011)
  • Delaney Equity Group (2011)
  • Wilson-Davis & Co. (2012-2013)
  • COR Clearing (2013-2014)
  • Primary Capital (2014-2016)

The Allegations

In December 2015, he was sanctioned by The Securities and Exchange Commission. This was due to allegations that he defrauded approximately fifty unsophisticated investors out of approximately $11 million through the sale of securities of VGTel, which was a shell company that he controlled. Christopher Cervino allegedly used a fictional name when soliciting investments in order to hide his criminal past. Cervino also allegedly took part in bribing an individual in this situation. Due to these alleged actions, Christopher Cervino was convicted of wire fraud, securities fraud, conspiracy to commit securities fraud, and conspiracy to commit wire fraud in January 2016. In August 2016, a pair of claimants filed a complaint against his former member firm due to these alleged actions. This case went to arbitration, where the customers were awarded $845,000 in damages. Due to these charges, he was barred from acting as a securities broker in any fashion by FINRA, The Securities and Exchange Commission, and the New Jersey Bureau of Securities.

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 Christopher Cervino, please contact Oakes & Fosher for a free and private consultation.