Kari Bracy Allegedly Misrepresents A Private Investment

The law firm of Oakes & Fosher is presently investigating the possible misconduct of former securities broker Kari Bracy. According to her publicly available FINRA BrokerCheck report, Kari Bracy has been the subject of a customer dispute.

Kari Bracy was a Florida based securities broker. She worked in the securities industry for nine years. She spent her entire career with NyLife Securities. She is no longer working as a registered securities broker in any fashion.

The Allegations

In July 2018, a customer alleged that her investment in Future Income Payments, LLC, which was a private security, was misrepresented as a conservative and safe investment with a 7.5% annual return for ten years. This case was settled for $80,000 in damages.

What Does This Mean?

Privately traded alternative investments are often misrepresented by securities brokers when pitching them to unsuspecting investors. Brokers are able to get away with this due to how poorly regulated they are. This is due to the fact that these types of investments do not trade on any pulic securities exchanges. The truth is that these types of investments are highly speculative and illiquid investments that are accompanied by incredibly high upfront fees that drain principal investments.

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 Kari Bracy, 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.