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

Ian Greenblatt is a New York based securities broker. He has worked in the securities industry for twenty-seven years. During his career, he has been registered with six different securities firms.

His Registrations

  • Robert Todd Financial Corp. (1992-1994)
  • Tasin & Company (1994-2001)
  • Weatherly Securities Corporation (2001-2002)
  • Westrock Advisors (2002-2010)
  • Capitol Securities & Associates (2010-2012)
  • Capitol Securities Management (2012-Present)

The Allegations

  • In September 2005, a customer alleged that Ian Greenblatt executed unauthorized trades in his account.
  • In August 2017, customers alleged that Ian Greenblatt made unsuitable recommendations, engaged in financial elder abuse, breached his fiduciary duty, handled their account negligently, and breached contract. This case was settled for $183,000 in damages.

What Does This Mean?

One of the most noteworthy allegations levied against Ian Greenblatt was that of financial elder abuse. This occurs when a securities broker takes advantage of an elderly individual that has trusted them with their money. Some less than scrupulous securities brokers might take advantage of an elderly individual’s trusting nature or diminished capacity to make financial decisions and place them in investments they are not even close to being suited for. These brokers believe they can get away with this by disguising any losses as standard drops in the market.

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 Ian Greenblatt, 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.