Erin Verespy Allegedly Misappropriates Customer Funds

The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Erin Verespy. According to her publicly available FINRA BrokerCheck report, Erin Verespy has been the subject of a customer dispute.

Erin Verespy was a Connecticut based securities broker. She worked in the securities industry for twenty-two years. During her career, she was registered with just two different securities firms.

Her Registrations

• H.D. Vest Investment Services (1996-1997, 1998-Present)


• Bankboston Investor Services (1997-1998)

The Allegations 

In January 2018, customers alleged that Erin Verespy misused and misappropriated their funds. This case was settled for $1 million in damages. In April 2019, Erin Verespy was officially barred by FINRA after allegedly failing to comply with an investigation into this matter. Due to his alleged failure to comply, she was barred from acting as a securities broker in any fashion.

What Does This Mean?

A securities broker converting funds into their personal bank accounts is one example of misappropriation, which essentially is the same thing as theft. A misappropriation of funds is when a securities broker misuses the funds from one agreed upon purpose for another purpose. Often, brokers will simply deposit these funds into their own account. This is conversion.

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 Erin Verespy, 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.