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

James Sparacino is a New York based securities broker. He has worked in the securities industry for twenty-one years. During his career, he has been registered with eleven different securities firms.

His Registrations

  • First United Equities Corporation (1996-1997)
  • HGI (1996-1998)
  • The J.B. Sutton Group (1997-1998)
  • Tasin & Company (1998-2000)
  • Global Capital Securities Corporation (2000-2001)
  • Harrison Securities (2001-2002)
  • Gunnallen Financial (2002-2005)
  • The Concord Equity Group (2006)
  • J.P. Turner & Company (2008-2011)
  • Merrimac Corporate Securities (2011-2013)
  • Trident Partners (2013-Present)

The Allegations

  • In July 2008, a customer alleged that James Sparacino engaged in unauthorized trading, handled their account negligently, breached contract, breached his fiduciary duty, made material misrepresentations, omitted material facts, and failed to execute. This case went to arbitration where the customer was awarded $222,533 in damages.
  • In November 2016, a customer alleged that James Sparacino executed unsuitable transactions, executed unauthorized transactions, and breached his fiduciary duty. This case was settled for $12,000 in damages.
  • In October 2017, a customer alleged that James Sparacino executed unsuitable transactions. This case was settled for $16,000 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 James Sparacino, please contact Oakes & Fosher for a free and private consultation.