Henry Klausman Allegedly Mismanages Customer Accounts

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

Henry Klausman was a Georgia based securities broker. He worked in the securities industry for forty-six years. During his career, he was registered with sixteen years. He is no longer working as a registered securities broker in any fashion.

His Registrations 

• Shainker and Company (1970-1973)


• CG Equity Sales Company (1973)


• ETI Investment Corporation (1973-1977)


• Weinrich, Zitzmann & Whitehead (1977-1980)


• FSC Securities Corporation (1980-1985)


• Pilot Financial Services (1985-1986)


• Security Distributors (1985-1986)


• Planvest Capital Corporation (1986-1987)


• SBL Planning, Inc. (1985-1987)


• Integrated Resources Equity Corporation (1987-1989)


• Royal Alliance Associates (1989-1990)


• Investech Capital Corporation (1990-1995)


• Caye & Co., Securities Brokerage (1995-1998)


• Triad Advisors (1998-2015)


• Peachtree Capital Corporation (2015-2016)


• Triad Advisors (2016-2017)

The Allegations

• In September 2018, customers alleged that Henry Klausman made material misrepresentations about fee arrangements, mismanaged accounts, failed to diversify investments, breached his fiduciary duty, and recommended unsuitable investments. This case is presently pending. The customers are seeking $200,000 in damages.


• In October 2018, a customer alleged that Henry Klausman mismanaged their investments. This case is currently pending. The customer is seeking $43,541 in damages.


• In January 2020, another customer alleged that Henry Klausman mismanaged their accounts. This case is currently pending. The customer is seeking $49,551 in damages.


• In January 2020, a customer alleged that Henry Klausman committed multiple sales practice violations. This case is presently pending. The customers are seeking $49,954 in damages.

What Does This Mean?

Brokers have a duty to their customers to always act in their best financial interests. This duty, known as their fiduciary duty, compels them to take care of their customers by managing their accounts in a suitable manner. This means that brokers cannot purposefully or negligently place their own financial interests ahead of their customers. This could include purposefully placing customers in securities they are financially unsuited for simply because the particular products provide brokers with higher commissions. It can also include brokers failing to conduct the necessary due diligence required to determine if an investment is suitable for their customer. Brokers who engage in these fraudulent or negligent practices have violated their duty as a fiduciary.

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 Henry Klausman, please contact Oakes & Fosher for a free and private consultation. We handle cases on a contingency basis, which means there are no fees charged unless we collect for you.