The law firm of Oakes & Fosher is presently investigating the alleged misconduct of Vitthal Patel. According to his publicly available FINRA BrokerCheck report, Vitthal Patel has been the subject of a FINRA sanction.
Vitthal Patel was a New Jersey based securities broker. He worked in the securities industry for thirty years. He spent his entire career registered with PFS Investments. He is no longer working as a registered securities broker in any fashion.
The Allegations
Vitthal Patel was officially sanctioned by FINRA in August 2019. The findings in this matter state that Patel forged the electronic signatures of multiple customers on new account forms. He also allegedly forged handwritten signatures on documents that included change of address forms, college savings transfer forms, and change of beneficiary forms by cutting and pasting photocopied customer signatures. Due to these alleged actions, Vitthal Patel was fined $5,000 and suspended from acting as a securities broker in any fashion for a period of six months. Vitthal Patel had resigned from his position at PFS Investments on year prior amidst the allegations.
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 Vitthal Patel, please contact Oakes & Fosher for a free and private consultation.
