Cornelius Peterson was a Massachusetts based securities broker. He worked in the securities industry for five years. He spent his entire career registered with Morgan Stanley. He is no longer working as a registered securities broker in any fashion.
Cornelius Peterson’s publicly available FINRA BrokerCheck report shows that he pled guilty to criminal charges in January 2018. These charges were conspiracy, bank fraud, and investment adviser fraud. According the United States Securities and Exchange Commission, Cornelius Peterson was complicit in misappropriating almost $450,000 from one of his elderly customers. It was further determined that he breached his fiduciary duties with other customers that included allegedly obtaining a loan from a client on terms that were highly unfavorable to the customer. He also allegedly charged on of his customers advisory fees 50% higher than the rate he consistently promised would be charged. Cornelius Peterson was sentenced to twenty months in prison. He was also barred by the Securities and Exchange Commission from acting as a securities broker in any fashion.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Cornelius Peterson, please contact Oakes & Fosher for a free and private consultation.