The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Peter Plaut. According to his publicly available FINRA BrokerCheck report, Peter Plaut has been the subject of a FINRA sanction.

Peter Plaut operated most recently as a New York based securities broker. He worked in the securities industry for twenty-four years. During his career, he was registered with fifteen different securities firms. He is not currently working as a registered securities broker in any fashion.

His Registrations

  • J.P. Morgan Securities (1991-1992)
  • UBS Securities (1992-1994)
  • Salomon Brothers (1994-1998)
  • Salomon Smith Barney (1998-1999)
  • Banc of America Securities (1999-2006)
  • Imperial Capital (2008)
  • Hovde Securities (2009)
  • BTIG, LLC (2009-2010)
  • Jefferies & Company (2011)
  • Jefferies High Yield Trading (2011)
  • MF Global (2011)
  • Tejas Securities Group (2011)
  • Penserra Securities (2012-2017)
  • Oberon Securities (2017-2018)

The Allegations 

Peter Plaut was officially sanctioned by FINRA in September 2019. The findings in this matter state that Plaut engaged in private securities transactions by recommending unapproved high yield bonds to investors. These investors were customers of a foreign broker-dealer that Peter Plaut was simultaneously employed with while working at his primary member firm. Peter Plaut allegedly brokered a total of $700,000 in sales for these incredibly risky bonds. He allegedly failed to disclose this employment to his member firm, or that he was engaging in private securities transactions with customers of this other firm. Due to these alleged actions, Peter Plaut was fined $7,500, forced to pay $36,590 in disgorgement, and suspended from acting as a securities broker in any fashion for a period of nine months.

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 Plaut, 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.