The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Daryl Serizawa. According to his publicly available FINRA BrokerCheck report, Daryl Serizawa has been the subject of a customer dispute in his career.

Daryl Serizawa is a California based securities broker. He has worked in the securities industry for twenty-six years. During his career, he has been registered with ten different securities firms.

His Registrations

  • Lehman Brothers (1993)
  • Smith Barney Shearson (1993)
  • Chatfield Dean & Co. (1993-1994)
  • Smith Barney Inc. (1994-1997)
  • UBS Painewebber Inc. (1997-2002)
  • Wachovia Securities (2002-2004)
  • LPL Financial Corporation (2004-2010)
  • Pacific West Securities (2010-2012)
  • Independent Financial Group (2012-2017)
  • Woodbury Financial Services (2017-Present)

The Allegations

In December 2019, customers alleged that Daryl Serizawa recommended highly inappropriate private investment funds. This case is currently pending. The customers are seeking $350,000 in damages.

What Does This Mean?

Private investment funds are high-risk securities that do not trade on any public securities exchanges. They are very poorly regulated and can often prove incredibly harmful to investors. This is because of their speculative and illiquid nature, as well as their associated upfront fees that can drain an investor’s principal of up to 17 percent. When an investor loses that much money up front, it makes it near impossible for them to see any returns under anything besides booming market conditions. Brokers continue to recommend these types of investments to financially unsuited investors because they provide brokers with excessively high commissions when the transaction is executed.

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 Daryl Serizawa, 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.