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The law firm of Oakes & Fosher is currently investigating the possible negligence and/or misconduct of securities broker Robert Yasnis. According to his publicly available FINRA BrokerCheck report, Robert Yasnis has been the subject of multiple customer complaints throughout his career.

Robert Yasnis is currently working as a New York based securities broker. He has worked in the securities industry for twenty-three years. During his career, he has been registered with seventeen different securities firms.

His Registrations

  • Lew Lieberbaum & Co. (1993-1994)
  • Corporate Securities Group (1994)
  • Cartwright and Walker Securities (1994)
  • Fletcher and Faraday (1994-1995)
  • Joseph Dillon & Company (1995-1997)
  • KSH Investment Group (1997)
  • Kirlin Securities (1997)
  • G.F.B. Securities (1997-1998)
  • Buckman, Buckman & Reid, Inc. (1999-2002, 2010-2012)
  • Saxony Securities (2002)
  • Aura Financial Services (2002-2003)
  • Marquid Financial Services (2003-2007)
  • Hallmark Investments, Inc. (2007-2009)
  • Stephen A. Kohn & Associates (2009-2010)
  • Meyers Associates (2012-2014)
  • Laidlaw & Company (2014-2017)
  • Worden Capital Management (2017-Present)

The Allegations

  • In September 2011, a customer alleged that Robert Yasnis executed unauthorized trades.
  • In October 2016, a customer alleged that Robert Yasnis engaged in churning and excessive trading. They also alleged that Yasnis recommended unsuitable investments. This case was settled for $20,000 in damages.

What Does This Mean?

Securities brokers have a legal obligation to act only in the best interests of their customers. Despite this, some securities brokers still engage in self-serving practices detrimental to their customers. One such practice is known as churning. This process takes place when a securities broker trades a customer’s account to excess with the purpose of generating more commissions for themselves. If an investor believes they have experienced losses due to a securities broker churning their account, they may be entitled to damages.

Oakes & Fosher Can Help

Most people are unaware of the legal recourse available to them after losing money from securities broker negligence and/or misconduct. Oakes & Fosher dedicates its entire legal practice to helping investors who have lost money in this fashion. If you, or someone you know, have lost money investing with Robert Yasnis, please contact Oakes & Fosher for a free and private consultation.