Joseph Michael Fedorko, Jr., Broker with Laidlaw & Co. (UK), Named in Customer Dispute Alleging Churning and Unauthorized Trading

The customer is seeking $1.7 million in damages for Fedorko’s alleged misconduct.

Joseph Michael Fedorko Jr. (CRD#: 2007317) is registered as a broker with Laidlaw & Co. (UK), where he has been employed since 2009. Previously, Fedorko was registered as a broker with Oppenheimer & Co.

Fedorko has eighteen disclosures on his BrokerCheck report. One customer dispute filed against Fedorko was closed with no action taken, and four were denied.

May 2020 Customer Dispute

• Status: Pending
• Allegations: Client alleges churning, unauthorized and unsuitable trading from 2012-2020
• Damage Amount Requested: $1,700,000.00
• Broker Comment: The claim has no basis and the matter will be defended vigorously.

May 2018 Customer Dispute

• Status: Settled
• Allegations: Client alleges churning, unauthorized and unsuitable trading from 2012-2017
• Damage Amount Requested: $342,000.00
• Settlement Amount: $125,000.00
• Broker Comment: The claim has no basis and the matter will be defended vigorously.

August 2016 Customer Dispute

• Status: Settled
• Allegations: The client alleges losses from bond purchases from 2010 to 2012 all while the account value almost tripled in value.
• Damage Amount Requested: $50,000.00
• Settlement Amount: $23,000.00
• Broker Comment: The claim will be defended vigorously.

March 2014 Customer Dispute

• Status: Settled
• Allegations: Client alleges unsuitable investments and investment strategy from 2011 to 2013.
• Damage Amount Requested: $292,771.00
• Settlement Amount: $120,000.00

November 2012 Customer Dispute

• Status: Settled
• Allegations: Client alleges negligence, breach of fiduciary duty and breach of contract regarding his investment activity beginning in December 2011.
• Damage Amount Requested: $400,000.00
• Settlement Amount: $120,000.00

June 2012 Customer Dispute

• Status: Settled
• Allegations: Breach of contract, fiduciary duty and negligence.
• Damage Amount Requested: $241,228.70
• Settlement Amount: $120,000.00

May 2011 Customer Dispute

• Status: Settled
• Allegations: Client alleges excessive and unsuitable trading.
• Damage Amount Requested: $500,000.00
• Settlement Amount: $490,000.00
• Broker Comment: I vehemently deny all allegations of wrongdoing. It should be noted that this account is related to the “domestic kitchens” account, which is the corporate account for [Customer]. The final settlement included claims asserted by Domestic Kitchens, Inc., a client family business.

August 2010 Customer Dispute

• Status: Settled
• Allegations: Claim alleges excessive and unsuitable trading and use of margin from 2003 to 2008.
• Damage Amount Requested: $1,200,000.00
• Settlement Amount: $400,000.00
• Broker Comment: I am not named as a respondent in this arbitration filed by a third party . . .. I vehemently deny that I have engaged in excessive or unsuitable trading or engaged in any other improprieties with respect to [family member’s] account.

February 2009 Customer Dispute

• Status: Settled
• Allegations: Claim alleges unsuitable recommendations from September 2003 to March 2008. . . .
• Damage Amount Requested: $315,475.00
• Settlement Amount: $158,000.00

November 1998 Customer Dispute

• Status: Settled
• Allegations: Clients alege that Mr. Fedorko misrepresented the account.
• Settlement Amount: $30,000.00
• Broker Comment: Client filed an NASD Arbitration seeking compensatory damages of $158,000. . . .

December 1996 Customer Dispute

• Status: Award / Judgment
• Allegations: Allegations are breach of fiduciary duty and omission of facts.
• Damage Amount Requested: $10,000.00
• Settlement Amount: $10,000.00

September 1995 Customer Dispute

• Status: Award / Judgment
• Allegations: Failure to supervise.
• Damage Amount Requested: $13,023.75
• Settlement Amount: $3,128.76

Contact Us Today

The Sonn Law Group is currently investigating allegations surrounding Joseph Michael Fedorko Jr.. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.