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

Paul Zoch operated most recently as a Florida based securities broker. He worked in the securities industry for fifteen years. During that time he was registered with five different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Ladenburg, Thalmann & Co. (2001)
  • IDS Life Insurance Company (2002-2006)
  • Ameriprise Financial Services (2002-2009)
  • Chase Investment Services Corp. (2009-2011)
  • Wells Fargo Clearing Services (2011-2017)

The Allegations

Paul Zoch has been the subject of multiple customer disputes with identical allegations. Multiple investors alleged that Paul Zoch made material misrepresentations that led to them to depositing their funds into a third party’s account. This in turn allegedly led to that third party converting their deposited funds. These customers allegedly lost millions. These cases were settled for a total of approximately $65 million in damages.

What Does This Mean?

Securities brokers are obligated to act in the best interests of their customers. This means that they shoulder the responsibility for consequences they indirectly cause. Even if a securities broker was not party to an investment scheme where an investor’s money was converted, if their negligence led to their customer’s money being converted, they, or rather their member firm, are still liable.

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 Paul Zoch, 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.

Leave a Reply