Over the last 12 years, Oakes & Fosher has tried and won more FINRA arbitration cases on behalf of individual investors than any other law firm in the country.

*Past results do not guarantee a similar outcome. The choice of a lawyer is an important decision and should not be based alone on prior results.

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The law firm of Oakes & Fosher is presently investigating the possible misconduct of securities broker Peter Huffman. According to his publicly available FINRA BrokerCheck report, Peter Huffman is the subject of a pending customer complaint.

Peter Huffman is a California based securities broker. He has worked in the securities industry for ten years. He has spent his entire career registered with just Merrill Lynch.

The Allegations

In August 2019, a customer alleged that Peter Huffman excessively traded and churned their account. He allegedly did this between January 2012 and May 2019. The customer is seeking $2,797,295 in damages.


Churning is a fraudulent trading practice where a less than scrupulous securities broker trades their customer’s account excessively with the express purpose of generating additional commissions for themself. This is done even if it serves no actual financial benefit to the investor. This act is often detrimental to the account holder due to the hefty fees it causes them to incur. These fees can very easily rack up and lower their principal beyond the point of seeing any desired investment returns.

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 Peter Huffman, 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.