Chris B. Palkowitsh—Excessive Trading and Churning of Customer Accounts

investment fraud attorneysChris B. Palkowitsh Allegedly Excessively Traded and Churned Six Customers’ Accounts (a Total of Eight Accounts)

Chris B. Palkowitsh, a Georgia-based broker who at times allegedly made thousands of trades daily in clients’ accounts with the apparent knowledge of his employer, allegedly excessively traded and churned six customers’ accounts, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and Joe Peiffer.

Chris B. Palkowitsh, formerly associated with Equinox and registered with FINRA through Equinox as a General Securities Representative, allegedly placed their remaining equity at risk by concentrating each account in a low-priced security after said customers sustained substantial losses, said Complaint reports.

The Peiffer Rosca Wolf securities lawyers are currently investigating Chris B. Palkowitsh’s alleged excessive trading and churning of customer accounts.

Chris B. Palkowitsh Allegedly Traded Customer Accounts Prodigiously, Leading Six Clients to Purportedly Lose $800,000 in Fees and Investments

Chris B. Palkowitsh allegedly traded so prodigiously in the accounts of six clients that they lost $800,000 in fees and investments, according to the aforementioned Complaint being examined by attorneys Joe Peiffer and Alan Rosca.

Furthermore, FINRA reports that the aforementioned clients were purportedly unsophisticated, and that six of the accounts that accrued losses were Individual Retirement Accounts that represented the bulk of their retirement savings, the Complaint reports.

One should also note that Stephen Oliveira, an owner of Redlands, California-based Equinox Securities and also its chief compliance officer, was allegedly aware of the activity, the Complaint notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of brokers churning accounts, and are currently investigating Chris B. Palkowitsh’s alleged excessive trading and churning of customer accounts. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Chris B. Palkowitsh’s alleged excessive trading and churning of customer accounts are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1157 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.