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

Frank Esposito is a New Jersey-based securities broker. He has worked in the securities industry for twenty-five years. During his career, he has been registered with eight different securities firms.

His Registrations

  • Royal Alliance Associates (1994, 2005-2006)
  • Pruco Securities Corporation (1995-1998)
  • TFS Securities (1998-2005, 2006)
  • Securities Service Network (2006-2008)
  • QA3 Financial Corp. (2008-2011)
  • FSC Securities Corporation (2011-2016)
  • Securities America (2016-2019)
  • LPL Financial (2019-Present)

The Allegations 

  • In June 2015, a customer alleged that Frank Esposito failed to timely effectuate the transfer of a variable annuity. This alleged failure caused severe tax implications to the customer. This case was settled for $7,500 in damages.
  • In October 2018, a customer alleged that Frank Esposito made an unsuitable recommendation that they withdraw funds from their variable annuity to purchase non-traded REITs.

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 Frank Esposito, 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.