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

Joseph Boskus is an Arizona based securities broker. He has worked in the securities industry for twenty years. During his career, he has been registered with just two different securities firms.

His Registrations

  • Morgan Stanley (2000-2006)
  • Merrill Lynch (2006-Present)

The Allegations

  • In December 2008, a customer alleged that Joseph Boskus allegedly failed to follow instructions.
  • In April 2017, customers alleged that Boskus misrepresented and omitted material facts. This case was settled for $225,000 in damages.

What Does This Mean?

Misrepresentation is a very serious charge, as it can often result in very serious financial harm to an investor. Essentially, misrepresentation occurs when a securities broker provides an investor with information that has been falsified or obscured in some manner. This can be either on purpose, in an attempt to defraud the investor, or by accident through the broker’s negligence.  In this case, customers were also alleging that Boskus had omitted facts regarding investments.  Regardless of the broker’s intent, misrepresentation can cause significant losses in an investor’s account as it can lead to them making crucial financial decisions based on misinformation.

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 Joseph Boskus, 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.