The law firm of Oakes & Fosher is currently investigating the possible misconduct or negligence of former securities broker Sean Parikh, also known as Kishan Parikh. Our law firm filed a claim against Sean Parikh’s former broker dealer in May 2017.

Sean Parikh was a New York based securities broker. He worked in the securities industry for about ten years. During his career, he was registered with just two different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Max International Broker/Dealer Corp. (2008-2012)
  • Aegis Capital Corp. (2012-2019)

The Allegations

Oakes & Fosher filed its claim against Aegis Capital Corp. in May 2017 for the alleged activities of Sean Parikh. Our customer alleged that Sean Parikh churned their account and made unsuitable investment recommendations. We were able to settle this case for our customer for $499,999 in damages.

What Does This Mean?

Churning is a fraudulent investment practice that many less than scrupulous securities brokers take part in. Brokers are compensated for their services by charging their customers a percentage of their principal investment whenever executing a transaction on their behalf. Churning occurs when a securities broker executes trades in a customer’s account to an excessive frequency with the express purpose of increasing their own commissions. This act can be detrimental to investors due to the fees and trading losses that can substantially drain their principal investments beyond the point of seeing any desired returns.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker negligence and/or fraud. Investors who think they might have lost money in this fashion may 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 Sean Parikh, 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.