Firm News & Case Results
Over 1,400 case summaries and investor alerts. Recent securities-fraud recoveries, regulatory news, and investigations.
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Current Investigations David Sung Wook Park Allegedly Recommends Unsuitable Investments
The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker David Sung Wook Park. According to his publicly available FINRA BrokerCheck report, David Park has been the subject of multiple customer disputes over the…
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Alternative Investment GPB Capital Holdings News: What You Need to Know
The Financial Industry Regulatory Authority ( FINRA ) recently fined Royal Alliance, FSC Corporation , SafePoint Financial , and Woodbury Financial Services, ordering them to pay partial restitution to customers investing in units of GPB Capital Holdings.…
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Broker Negligence KBS REIT: Recover Your Losses
Oakes and Fosher is currently representing those who have invested in a KBS REIT and suffered losses due to its high risk and illiquidity. The KBS 3 non-traded REIT has limited redemptions on its non-traded REITs, similar to issues at other companies , like…
Read More Alternative Investment Starwood REIT Limits Withdrawals, Joining Northstar, Inland, KBS, the Parking REIT and others
Following a surge in requests in November, Starwood Real Estate Income Trust has officially joined other non-traded real estate investment trusts by limiting investor withdrawals. In a letter to its investors, Starwood REIT said it fulfilled 63% of investor…
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Uncategorized David Karandos Allegedly Recommends High-Risk, Illiquid, Alternative Investments, Including Non-Traded REITs.
The law firm of Oakes & Fosher has represented clients in FINRA arbitration claims based on the actions of former stockbroker David Karandos. The latest litigation resulted in an award of over $400,000 for a 79 year old retiree and widow. Mr. Karandos placed…
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Current Investigations Update: Recovering Losses in Moodys National REIT
ALERT: Moodys National REIT secondary market transactions has hit a low of $7.75 per share. This non-traded REIT, which is majority invested in hotels and other properties, has seen its value drop below $8 as of late on the secondary market. A number of…
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Broker Negligence NorthStar Healthcare Income REIT: Unsuitable Investments
Recent reports reflect that this non-traded real estate investment trust (REIT) is 80% invested in Senior Living Facilities, and the value of the REIT on the secondary market has traded between $1 and $2 per share.
Read More Current Investigations Western International Securities sanctioned for failing to supervise its non-traded REIT business
In November of 2022, Western International Securities was fined $400,000 and ordered to pay restitution of over $400,000 for failing to supervise a broker selling non-traded REITs. Megurditch “Mike” Patatian was barred by FINRA in June of 2022 for the over…
Read More Current Investigations Jan Earl Haynes Allegedly Misrepresents Unsuitable Investments
The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Jan Earl Haynes. According to his publicly available FINRA BrokerCheck report, Jan Haynes has been the subject of multiple customer disputes over the course…
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Current Investigations Alvery Anthony Bartlett Of Aegis Capital Corp Allegedly Recommends Unsuitable Investments
The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Alvery Anthony Bartlett. According to his publicly available FINRA BrokerCheck report, Alvery Bartlett has been the subject of multiple customer disputes…
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Investment Fraud Oakes & Fosher Wins Million Dollar Marc Korsch Case
In the only arbitration tried to date involving the actions of stockbroker Marc Korsch, Oakes & Fosher secured a seven-figure dollar award on behalf of its Florida client. The client had invested in an equity-indexed annuity recommended by Marc Korsch, and…
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Oakes & Fosher in the News GPB Capital arbitration awards piling up on wealth managers
By Tobias Salinger | January 25th, 2022 After wealth managers helped sell scandal-plagued private placements to an estimated 4,000 seniors and 13,000 other retail clients, they’re getting hit with a steady stream of arbitration awards. MSC-BD, a brokerage…
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