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Our law firm is investigating potential claims on behalf of customers of Jason Bo-Alan Beckman and Oxford Private Client Group (“Oxford PCG”), Western International Securities (“Western International”) or NRP Financial, who sustained losses in a purported foreign currency trading program. Last year, the U.S. Securities & Exchange Commission (“SEC”) filed a law enforcement action against Beckman alleging that “from at least August 2006 to July 2009, Beckman [and his registered investment advisory firm] Oxford PCG raised at least $47.3 million from at least 143 investors through a fraudulent, unregistered offering of investments in a purported foreign currency trading venture (the “Currency Program”)….Beckman played a significant role in the fraud, raising almost twenty-five percent of the funds invested in the Currency Program (i.e., $47.3 million of the $194 million).” The SEC further stated that “the investors suffered significant losses from their investments in the Currency Program. As a group, the investors of Beckman and Oxford PCG suffered losses of at least $39.1 million. That is, at least $39.1 million of the $47.3 million was lost.”
According to Beckman’s Financial Industry Regulatory Authority (“FINRA”) BrokerCheck Report, he was registered with NRP Financial from November 2005 to March 2008, and then Western International from March 2008 to May 2009. Many of Beckman’s clients who invested in the Currency Program were clients of Oxford PCG, the branch of NRP Financial that was owned in part by Beckman. The BrokerCheck Report also discloses that Beckman is currently the subject of three pending FINRA Arbitration Complaints involving the Currency Program. The three claims seek total damages of about $11.2 million.
Investors who held accounts with Jason Bo-Alan Beckman and Oxford PCG, Western International or NRP Financial can contact KlaymanToskes to explore their legal rights and options.