Peter Malis is a California based securities broker. He has worked in the securities industry for forty-nine years. During his career, he has been registered with five different securities firms.
His registrations include; Middendorf, Colgate & Co. (1969-1971), Paine, Webber, Jackson & Curtis Incorporated (1971-1977), Bache Halsey Stuart (1977), Prudential Securities Incorporated (1977-2003), and Wells Fargo Clearing Services (2003-Present).
Peter Malis’ publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.
In August 1990, a customer alleged fraudulent misrepresentation, negligent misrepresentation, breach of contract, and conversion Rico. This case was settled for $400,000 in damages.
In February 1995, customers alleged that Malis purchased unsuitable municipal bonds and closed-end mutual funds on their behalf. The customers also alleged that the purchases were unauthorized. This case went to arbitration where the customers were awarded $668,523 in damages.
In May 1995, a customer alleged that Malis purchased unsuitable investments on their behalf. This case was settled for $12,500 in damages.
In September 2016, a customer alleged that Peter Malis engaged in excessive trading, unsuitable trading, churning, unsuitable account portfolio management, and unauthorized trading. The alleged transgressions taking place between 2002 and 2015. This case was settled for $1.1 million in damages.
In December 2017, a customer alleged unsuitable investments and unauthorized transactions. The alleged transgressions taking place between February 2006 and December 2016.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Peter Malis, please contact Oakes & Fosher for a free and private consultation.