The law firm of Oakes & Fosher is presently investigating the possible misconduct of securities broker Christopher Sinkula. According to his publicly available FINRA BrokerCheck report, Christopher Sinkula has been the subject of numerous customer disputes.

Christopher Sinkula is a Florida based securities broker. He has spent twenty-nine years working in the securities industry. During his career, he has been registered with four different securities firms.

His Registrations

  • Blinder, Robinson & Co. (1989-1990)
  • A.G. Edwards & Sons (1990-1999)
  • Citigroup Global Markets (1999-2008)
  • Janney Montgomery Scott (2008-Present)

The Allegations

  • In April 1997, a customer alleged that Christopher Sinkula made unsuitable recommendations. This case was settled for $46,000.
  • In April 2012, a customer alleged that Christopher Sinkula misrepresented material facts and failed to adequately disclose the risks associated with a variable annuity. This case was settled for $200,000.
  • In July 2017, a customer alleged that Christopher Sinkula made unsuitable investments by creating a high concentration of energy stocks. This case was settled for $22,900.
  • In April 2018, two claims were filed due to the alleged actions of Christopher Sinkula. The claimants in these cases alleged that Christopher Sinkula made unsuitable investments on their behalf. The first claim was settled for $100,000. The second was settled for $205,000 in damages.
  • In July 2019, another customer alleged that Christopher Sinkula recommended unsuitable securities. This case is currently pending. The customer is seeking $132,000 in damages.

These are just some of the claims that have been filed due to the alleged actions of Christopher Sinkula.

What Does This Mean?

Securities brokers, like Christopher Sinkula, have a duty to always act in the best financial interests of their customers. Part of this duty means that brokers are obligated to only recommend securities to investors that are suited for them. Brokers can determine an investor’s suitability by analyzing factors like the customer’s investment objectives and financial situation. Securities brokers are required to conduct the necessary due diligence to determine if an investment is suitable for a customer by analyzing these factors. Because of this, they are unable to excuse themselves by claiming they were unaware of an investment’s suitability.

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 manner could 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 Sinkula, 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.