Eric Zakarin Allegedly Engages In Churning

The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Eric Zakarin. According to his publicly available FINRA BrokerCheck report, Eric Zakarin has been the subject of multiple customer disputes.

Eric Zakarin was a New Jersey based securities broker. He worked in the securities industry for thirty-one years. During his career, he was registered with nine different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations 

• Lehman Brothers (1987-1993)


• Smith Barney (1993-1996)


• UBS Financial Services (1996-2006)


• Morgan Stanley DW (2006-2007)


• Morgan Stanley & Co. (2007-2009)


• Morgan Stanley (2009-2013)


• Wells Fargo Advisors (2013-2015)


• Independent Financial Group (2015-2017)


• Lombard Securities (2017-2018)

• In December 2001, a customer alleged that Eric Zakarin placed them in speculative investments, executed unauthorized trades, and mis-marked "solicited" trades as "unsolicited." This case was settled for $20,000 in damages.


• In November 2018, a customer alleged that Eric Zakarin churned their account, recommended unsuitable investments, committed fraud, and breached his fiduciary duty. This case was settled for $125,000 in damages.

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 Eric Zakarin, 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.