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

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

His Registrations

  • H.L. Camp & Company (1991-1992)
  • Heidtke & Company (1992-1993)
  • J.C. Bradford & Co. (1993)
  • Dickinson & Co. (1993)
  • Birchtree Financial Services (1993-2000)
  • FAS Wealth Management Services (2000-2001)
  • Roan-Meyers Associates (2001)
  • Bergen Capital (2002-2006)
  • Scott & Stringfellow (2006-2013)
  • BB&T Securities (2012-2015)
  • Ridgeway & Conger (2015-2016)

The Allegations 

  • In February 2014, customers alleged that Mark Schklar breached his fiduciary duty, managed their account negligently, and violated the Tennessee Securities Act.
  • In November 2014, customers alleged that Mark Schklar breached his fiduciary duty, managed their account negligently, violated the Tennessee Securities Act, made material misrepresentations, and committed fraud. This case was settled for $220,000 in damages.
  • In December 2014, a customer alleged that Mark Schklar recommended unsuitable municipal bonds. This case was settled for $48,490 in damages.
  • In March 2017, he was officially sanctioned by FINRA. The findings in this matter state that Mark Schklar engaged in private securities transactions without obtaining written approval from his member firm. Due to these alleged actions, he was fined $10,000, and was suspended from acting as a securities broker in any fashion for a period of eight months.

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 Mark Schklar, 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.