Mickey Schreiber Allegedly Recommends Unsuitable Investments

The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Mickey Schreiber. According to his publicly available FINRA BrokerCheck report, Mickey Schreiber has been the subject of multiple customer disputes over the course of his career.

Mickey Schreiber is a New Jersey based securities broker. He has worked in the securities industry for thirty-seven years. During his career, he has been registered with seven different securities firms.

His Registrations

• Mid-State Securities Corp. (1982-1997)


• The Concord Equity Group (1997-2002)


• First Montauk Securities Corp. (2002-2007)


• Summit Brokerage Services (2007)


• Newbridge (2007-2012)


• National Securities Corporation (2012-2016)


• Aegis Capital Corp. (2016-Present)

• In September 2000, a customer alleged that Mickey Schreiber recommended unsuitable investments and made material misrepresentations. This case was settled for $80,000 in damages.


• In March 2010, Mickey Schreiber was officially sanctioned by FINRA. The findings in this matter state that he violated his firm's procedures by borrowing money from one of his customers. Due to these alleged actions, Mickey Schreiber was fined $10,000 and was suspended from acting as a securities broker in any fashion for a period of 60 days.


• In February 2020, a customer alleged that Mickey Schreiber recommended unsuitable investments, executed unauthorized trades, churned their account, made material misrepresentations, managed their account negligently, breached contract, breached his fiduciary duty, and omitted material facts. This case was settled for $40,000 in damages.

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 Mickey Schreiber, please contact Oakes & Fosher for a free and private consultation. We handle cases on a contingency basis, which means there are no fees charged unless we collect for you.