The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Hyun Sik Cho. According to his publicly available FINRA BrokerCheck report, Hyun Sik Cho has been the subject of multiple customer complaints.
Hyun Sik Cho was a New York based securities broker. He worked in the securities industry for six years. He spent his entire career registered with Pruco Securities. He is no longer working as a registered securities broker in any fashion.
The Allegations
- In October 2016, a customer alleged that Hyun Sik Cho solicited loans from them. These loans were allegedly never repaid. This case is currently pending. The customer is seeking $63,000 in damages.
- In November 2016, a customer alleged that Hyun Sik Cho made unsuitable investment recommendations that resulted in loss. This case was settled for $48,000 in damages.
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 Hyun Sik Cho, 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.
