The law firm of Oakes & Fosher is currently investigating the alleged misconduct of securities broker Marshall Isaacson. According to his publicly available FINRA BrokerCheck report, Marshall Isaacson was the subject of multiple customer disputes over the course of his career.
Marshall Isaacson was a Florida-based securities broker who worked in the securities industry for thirty-five years. During his career, he was registered with twelve different securities firms.
His Registrations
- J.B. Hanauer & Co. (1983-1987)
- Painewebber Incorporated (1987-1992)
- Lehman Brothers (1992-1993)
- Smith Barney (1993-1996)
- Prudential Securities (1996-2000)
- Janney Montgomery Scott (2000-2002)
- Gruntal & Co. (2002-2002)
- Ryan Beck & Co. (2002-2003)
- Oppenheimer & Co. (2003-2006)
- Ladenburg Thalmann & Co. (2006-2007)
- National Securities Corporation (2007-2016)
- Newbridge Securities Corporation (2016-2019)
The Allegations
- In March 2016, a customer alleged that Marshall Isaacson had executed unauthorized and unsuitable trades in their account. This case was settled for $215,000 in damages.
- In September 2016, a customer alleged that Isaacson had recommended investments unsuitable with the customer’s investment objectives. This case was settled for $14,999 in damages.
- In April 2019, a customer alleged that Isaacson managed their account negligently, breached his fiduciary duty, and made material misrepresentations about investments. This case is currently pending, and the customer is seeking $60,000 in damages.
- In May 2019, a customer alleged that Isaacson had recommended unsuitable investments and breached his fiduciary duty. This case was settled for $11,125 in damages.
- In January 2020, a customer alleged that Isaacson had recommended unsuitable investments and made material misrepresentations about said investments. This case is currently pending, and the customer is seeking $100,000 in damages.
What Does This Mean?
The relationship between investors and securities brokers exists on a foundation of trust. The reason that investors can generally feel secure in trusting their broker is because they are aware that brokers are obligated to always act in their customers’ best financial interests. This obligation is also known as the broker’s fiduciary duty. Brokers who breach this duty work toward the erosion of that trust, which in turn can significantly damage 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 due to this fraud or negligence 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 Marshall Isaacson, 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.
