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

Kevin Graetz was a New York based securities broker. He worked in the securities industry for twenty-five years. During his career, he was registered with thirteen different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Rosenkrantz Lyon & Ross Incorporated (1991)
  • Gruntal & Co. (1991, 1996)
  • Painewebber Incorporated (1991-1992)
  • Tucker Anthony Incorporated (1992-1996)
  • GKN Securities (1996-1998)
  • Josephthal & Co. (1998-2000)
  • H.C. Wainwright & Co. (2000-2002)
  • Ryan Beck & Co. (2002-2003)
  • Maxim Group (2002-2005)
  • Oppenheimer & Co. (2005-2007)
  • Advanced Equities (2007-2012)
  • Roth Capital Partners (2013)
  • Paulson Investment Company (2013-2017)

The Allegations

  • In August 2004, a customer alleged that Kevin Graetz mishandled their account. This case was settled for $15,000 in damages.
  • Also in August 2004, another customer alleged that Kevin Graetz mishandled their account. This case was settled for $75,000 in damages.
  • In June 2005, a customer alleged that Kevin Graetz purchased a large concentration of shares of INB which turned out to be unsuitable due to the size of the purchase and the fact that it was bought on margin. This case was settled for $9,000 in damages.
  • In December 2016, a customer alleged that Kevin Graetz made fraudulent misrepresentations.
  • In April 2017, a customer alleged that Kevin Graetz engaged in fraud, made negligent misrepresentations, handled their account negligently, and engaged in unjust enrichment. This case was settled for $165,000 in damages. Kevin Graetz was terminated from his position at Paulson Investment Company once this complaint was filed.
  • In March 2019, a customer alleged that Kevin Graetz recommended unregistered, fraudulent, and unapproved investments. This case was settled for $225,000 in damages.

What Does This Mean?

Most investors rely heavily on their brokers to recommend sound investments that are suitable for them based on their investment objectives and financial situation. Most trust their brokers implicitly due to the investment knowledge and experience they possess. Because of this trust, less than scrupulous securities brokers can often times get away with recommending unapproved, fraudulent investments to unsuspecting investors. These types of investments can ruin investors in various different ways. Brokers like this work toward the erosion of that trust, as well as the eventual downfall of the broker/investor relationship.

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 Kevin Graetz, 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.