The attorneys at Oakes & Fosher regularly appear in news articles and other media coverage involving securities and/or arbitration awards, including The Wall Street Journal, Reuters and Bloomberg News. Below are a few examples:

Ronald Bulcher Allegedly Makes Unauthorized Trades In A Deceased Customer’s Account

Ronald Bucher is a Florida based securities broker. He has worked in the securities industry for thirty years. During his career, he has been registered with twelve different securities firms. His registrations include; Glickenhaus & Co. (1988), Dean Witter Reynolds Inc. (1988-1989), Moore & Schley, Cameron & Co., Hanifen, Imhoff Securities Corp. (1990), Josephthal & Co. (1990-1991, 1998-2001), Josephthal Lyon & Ross Incorporated (1991-1994), Prudential Securities (1994-1997), A.G. Edwards & Sons (1997-1998), Stanford Group Company (2001-2003), McDonald Investments (2003-2007), Raymond James & Associates (2007-2018), and Oppenheimer & Co. (2018-Present). Ronald Bulcher’s publicly available FINRA BrokerCheck report shows that he has…

Continue Reading

Paul Cowler Allegedly Fails To Follow His Customer’s Instructions

Paul Cowler is a New York-based securities broker. He has worked in the securities industry for seventeen years. During his career, he has been registered with four different securities firms. His registrations include; Ladenburg Capital Management (2001-2005), S.W. Bach & Company (2005-2007), Andrew Garrett (2007-2017), and Laidlaw & Company (2017-Present). Paul Cowler’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career. In March 2003, a customer alleged unauthorized trading. This case was settled for $10,197.38 in damages. In September 2012, a customer alleged excessive trading. This case was settled for…

Continue Reading

John Spach Terminated From NFP Retirement Inc.

John Spach was a California based securities broker. He worked in the securities industry for twenty-two years. During his career, he was registered with six different securities firms. His registrations included; MML Investors Services (1996-1998), NFP Securities (1998-2000), Sentra Securities Corporation (2000-2002), Financial West Group (2002-2007), Financial Telesis (2007-2014), and Kestra Investment Services (2014-2018). He is no longer working as a registered securities broker in any fashion. John Spach’s publicly available FINRA BrokerCheck report shows that he has received one customer complaint and one employment termination. In February 2018, a customer alleged that Spach made inappropriate investments away from his member…

Continue Reading

Peter Shusterman Allegedly Breaches His Fiduciary Duty

Peter Shusterman is a California based securities broker. He has worked in the securities industry for thirty-three years. During his career, he has been registered with four different securities firms. His registrations include; First Investors Corporation (1986), Linsco/Private Ledger Corp. (1986-1999), Sentra Securities Corporation (1999-2005), and Sagepoint Financial (2005-Present). Peter Shusterman’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career. In August 2009, a customer alleged unsuitability. This case went to arbitration where the customer was awarded $488,260 in damages. In September 2014, a customer alleged unsuitability, misrepresentation, and breach…

Continue Reading

Jon Lindberg Allegedly Loses Client’s Money Due To Incompetence

Jon Lindberg was an Alabama based securities broker. He worked in the securities industry for thirty-four years. During his career, he was registered with four different securities firms. His registrations included; Amfire, Inc. (1983-1984), Cardell & Associates (1985-1986), Transamerica Financial Resources (1986-1989), and Proequities, Inc. (1989-2018). He is no longer working as a registered securities broker in any fashion. Jon Lindberg’s publicly available FINRA BrokerCheck report shows that he has received two customer complaints during his career. Both of which were received in May of 2018. In the first case, the customer alleged that they experienced losses due to Lindberg’s…

Continue Reading

Justin Lopez Allegedly Engages In Unauthorized Trading

Justin Lopez is a New York-based securities broker. He has worked in the securities industry for eleven years. During his career, he has been registered with four different securities firms. His registrations include; JHS Capital Advisors (2006-2010), Brookstone Securities (2010-2012), Craig Scott Capital (2012-2015), and J.P. Morgan (2016-Present). Justin Lopez’ publicly available FINRA BrokerCheck report shows that he is currently the subject of a pending customer complaint. In July 2018, the customer alleged unauthorized trading, unsuitable trading, and excessive trading concerning the Equity Listed and Equity OTC investments. The alleged transgressions taking place between June 2012 and February 2013. The…

Continue Reading

John Lisowski Allegedly Excessively Trades His Client’s Account

John Lisowski is a Pennsylvania based securities broker. He has worked in the securities industry for thirty-seven years. During his career, he has been registered with seven different securities firms. His registrations include; Dean Witter Reynolds (1981-1985), Advest Inc. (1985-1991), Kidder, Peabody & Co. (1991-1995), UBS Painewebber (1995-2001), Gruntal & Co. (2001-2002), Ryan Beck & Co. (2002-2007), and Stifel, Nicolaus & Company (2007-Present). John Lisowski’s publicly available FINRA BrokerCheck report shows that he is currently the subject of a pending customer complaint. In September 2018, a customer alleged that Lisowski mishandled their account through unsuitable trading, unauthorized trading, and excessive trading….

Continue Reading

Gary Boyt Allegedly Converts Customer Funds

Gary Boyt is a Massachusetts based securities broker. He has worked in the securities industry for nineteen years. During his career, he has been registered with four different securities. His registrations include; Pruco Securities (1999-2000), Commonwealth Financial Network (2000-2002), LPL Financial Corporation (2002-2010), and Cambridge Investment Research (2010-Present). Gary Boyt’s publicly available FINRA BrokerCheck report shows that he is currently the subject of a pending customer complaint. In September 2018, a customer alleged that Boyt exploited them by converting funds, unlawfully transferring common stock, entering into personal loans, engaging in unauthorized activities and forging documentation. The customer is seeking $300,000…

Continue Reading

Elvis Parkes Allegedly Makes Multiple Unsuitable Investment Recommendations

Elvis Parkes is a New York-based securities broker. He has worked in the securities industry for twenty-five years. During his career, he has been registered with seven different securities firms. His registrations include; Gruntal & Co. (1993-1994), Nicholas, Safina, Lerner & Co. (1994-1995, 1997-1998), The Boston Group (1995-1996), Briarwood Investment Counsel (1998-1999), First Republic Group (1999-2007), Capital Growth Financial (2007-2008), and Reid & Rudiger (2008-Present). Elvis Parkes’ publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career. In October 2003, a customer alleged unauthorized trading. In June 2004, a customer alleged…

Continue Reading

Carl Cornaglia Allegedly Engages In Fraud Concerning The Sale Of DBSI 2008 Notes

Carl Cornaglia is a Connecticut based securities broker. He has worked in the securities industry for twenty years. During his career, he has been registered with seven different securities firms. His registrations include; Metropolitan Life Insurance Company (1998-2003), MetLife Securities (1998-2003), Securities Service Network (2003-2004), USAllianz Securities (2004-2006), Questar Capital Corporation (2006-2009), SII Investments (2009-2017), and Kovack Securities (2017-Present). Carl Cornaglia’s publicly available FINRA BrokerCheck report shows that he has received numerous customer complaints over the course of his career. In September 2001, a customer alleged that Cornaglia grossly misrepresented how two mutual funds would perform. The customer also alleged…

Continue Reading