Wesley Perkins Allegedly “Cherry Picked” Winning Trades For His Favorable Clients In A Fraudulent Insider Trading Scheme

The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Wesley Perkins. According to his publicly available FINRA BrokerCheck report, Wesley Perkins has been the subject of customer disputes and a sanction from the United States Securities and Exchange Commission.

Wesley Perkins was a Louisiana based securities broker. He worked in the securities industry for thirteen years. During his career, he was registered with three different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

• Banc One Securities Corporation (2002-2005)


• Chase Investment Services Corp. (2005-2009)


• Purshe Kaplan Sterling Investments (2009-2016)

The Allegations 

Wesley Perkins is currently facing pending charges from the United States Securities and Exchange Commission. The allegations are that Perkins became involved in an insider trading scheme known as "cherry picking." Schemes such as this occur when securities representatives give themselves, and/or their favored clients, preferential treatment concerning trades. In this case, Wesley Perkins became involved with an LLC known as World Tree Financial. Wesley Perkins and World Tree allegedly allocated winning trades to the accounts of some clients and losing trades to the accounts of disfavored clients. World Tree and Perkins then allegedly misled the favored clients that received the winning trades by allowing them to think that they were better at managing their funds then they actually were.

Wesley Perkins is presently the subject of a pending complaint from some customers regarding his alleged actions in the above mentioned scheme. In July 2018, these customers alleged that Wesley Perkins breached his fiduciary duty, breached contract, violated Louisiana Securities law, committed fraud, made negligent misrepresentations, engaged in civil conspiracy, and engaged in unjust enrichment. The customers are seeking $1.1 million in damages.

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 Wesley Perkins, 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.