The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Leslie Markus Jr. According to his publicly available FINRA BrokerCheck report, Leslie Markus Jr. has been the subject of a FINRA sanction.

Leslie Markus Jr. was a Pennsylvania based securities broker. He worked in the securities industry for twenty-two years. During his career, he was registered with seven different securities firms. He is not currently working as a registered securities broker in any fashion.

His Registrations

  • Guardian Investor Services (1996-1997)
  • Tower Square Securities (1997-1999)
  • American Capital Corporation (1999-2001)
  • Multi-Financial Securities Corporation (2001-2006)
  • Cadaret, Grant & Co. (2006-2012)
  • Ameriprise Financial Services (2012-2015)
  • Lincoln Investment (2015-2018)

The Allegations

Leslie Markus Jr. was officially sanctioned by FINRA in November 2017. The findings in this matter state that he executed eleven transactions in a customer’s account without obtaining the proper authorization. Due to these alleged actions, he was fined $10,000 and suspended from acting as a securities broker in any fashion for a period of two years.

Unauthorized Trading

Securities brokers must first obtain their customer’s authorization before executing a transaction on their behalf. Just because an investor has hired a securities broker to recommend suitable investments does not mean they have forfeited their right to have final say regarding what securities they are ultimately invested into. Some investors are not aware of this fact and believe that hiring a securities broker relinquishes their control over their investments. Because of this, they often do not question it when this occurs.

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 Leslie Markus Jr., please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.