Securities attorneys Jay H. Salamon and Hugh D. Berkson of McCarthy, Lebit, Crystal & Liffman represent clients who lost money as the result of Ponzi schemes, investment fraud, and other broker misconduct. They are investigating the claims history of Andrew Todd Yocum, a previously registered broker and investment adviser. Most recently, Yocum worked with Morgan Stanley from 2009 through 2015 and Summit Brokerage Services, Inc. from December 2015 to March 2016. The Financial Industry Regulatory Authority has barred Yocum from working as a financial broker or associating himself with companies that sell securities to members of the public.
Yocum has 35 disclosures on his record, including a number of customer disputes and regulatory challenges.
Violated Standards of Commercial Honor
All of the disclosed incidents occurred between May 2015 and March 2017. In the most recent, the Florida Office of Financial Regulation has alleged that Yocum engaged in unsuitable trading, placed unauthorized trades, and violated high standards of commercial honor and just and equitable principles of trade. That case remains pending.
In another still-pending case from February 2017, a customer alleges that Yocum made misrepresentations concerning unsuitable investments.
A number of other customer complaints have been settled. In separate cases from August and September 2016, the customers alleged that Yocum made unsuitable recommendations .
The securities lawyers at McCarthy, Lebit, Crystal & Liffman, Co. LPA, represent investors who have been the victims of broker misconduct. Our fees are paid from money we recover for our clients. If you feel that you have been the victim of broker fraud, act quickly to work with an experienced attorney because deadlines and limitations may apply to your case. For a consultation, please contact our Investor Claims team.