The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Katherine Nishnic. According to her publicly available FINRA BrokerCheck report, Katherine Nishnic has been the subject of multiple customer complaints over the course of her career.

Katherine Nishnic is a South Carolina based securities broker. She has worked in the securities industry for twenty-five years. During her career, she has been registered with six different securities firms.

Her Registrations

  • Merrill Lynch (1994-1997)
  • D.E. Frey & Company (1997-2000)
  • First Allied Securities (2000-2008)
  • Gunnallen Financial (2008-2010)
  • J.P. Turner & Company (2010-2015)
  • Centaurus Financial (2015-Preset)

The Allegations 

  • In November 2018, a customer alleged that Katherine Nishnic recommended unsuitable investments. This case is presently pending. The customer is seeking $100,000 in damages.
  • In May 2019, a customer alleged Katherine Nishnic recommended unsuitable investments. This case is currently pending. The customer is seeking $138,000 in damages.
  • Also in May 2019, another customer alleged that Katherine Nishnic recommended unsuitable investments. This case is presently pending. The customer is seeking $100,000 in damages.
  • In June 2019, a customer alleged that Katherine Nishnic recommended unsuitable investments and breached her fiduciary duty. This case is currently pending. The customer is seeking $100,000 in damages.
  • In August 2019, a customer alleged that Katherine Nishnic made material misrepresentations and breached her fiduciary duty. This case is presently pending. The customer is seeking $100,000 in damages.
  • In September 2019, a customer alleged that Katherine Nishnic mismanaged and misrepresented unsuitable investments. This case is currently pending. The customer is seeking $130,000 in damages.
  • In October 2019, a customer alleged that Katherine Nishnic misrepresented unsuitable investments. This case is presently pending. The customer is seeking $100,000 in damages.

What Does This Mean?

Misrepresentation occurs when a securities broker provides an investor with information that has been falsified. This is a very serious allegation due to how detrimental it can be to investors. It can lead to investors making financial decisions based on misinformation which can cause them to experience financial losses. Misrepresentation can occur either on purpose through the securities broker’s fraudulent intent, or by accident, through their own negligence and inability to perform the duties of their job adequately. However, this distinction does not matter in regards to losses that occur as a result.

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 Katherine Nishnic, please contact Oakes & Fosher for a free and private consultation.