Most investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is, investors who have lost money in this fashion may be entitled to damages. The law firm of Oakes & Fosher is interested in hearing from investors who believe this may be them.
Oakes & Fosher is currently investigating former securities broker Peter Kohli. According to his publicly available FINRA BrokerCheck report, Peter Kohli has been sanctioned by the United States Securities and Exchange Commission.
Peter Kohli operated most recently as a Pennsylvania based securities broker. He worked in the securities industry for thirteen years. During his career, he was registered with five different securities firms.
His Registrations
- Pennsylvania Securities Company (1982-1983)
- MML Investors Services (1998-2000)
- ING Financial Partners (2004-2005)
- Equitas America (2005-2010)
- Trustmont Financial Group (2010-2015)
The Allegations
Peter Kohli was sanctioned by the United States Securities and Exchange Commission in March 2018. The findings in this matter state that Kohli solicited investments from customers for mutual fund investments; however, misappropriated the funds for other purposes. He allegedly sent his customers fake financial statements to make them believe they actually had been invested in the above mentioned mutual funds. Due to these alleged actions, he was barred by the SEC from acting as a securities broker in any fashion.
He has one pending complaint from a customer filed in November 2018 from one of the afflicted customers. The customer is seeking $100,000 in damages.
What Does This Mean?
The only way customers are able to leave their money with securities brokers to invest on their behalf is by trusting them. Investors need to trust brokers to invest their money according to their previously stated investment objectives. Securities brokers like, Peter Kohli, take advantage of that trust by exploiting investors for their own financial gain. Investors who believe that they were exploited by having their money misappropriated by their securities broker may be entitled to damages.
Oakes & Fosher Can Help
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 Kohli, please contact Oakes & Fosher for a free and private consultation.
