Investors Accuse Oppenheimer Of Unauthorized Trading
Larry Shatzkamer of Jericho New York a stockbroker formerly employed by Oppenheimer Co. Inc. is referenced in a customer initiated investment related written complaint on April 11, 2018 in which the customer requested damages estimated to exceed $5,000.00 supported by accusations that stock transactions were effected in the customer’s account that were neither suitable for the customer nor authorized.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Shatzkamer has been identified in seven additional customer initiated investment related disputes containing allegations of Shatzkamer’s misconduct while employed with Lehman Brothers, Prime Charter, Ltd., Barrington Capital and Oppenheimer. Specifically, on November 15, 1999, a customer initiated investment related complaint concerning Shatzkamer’s activities was settled for $40,000.00 in damages based upon accusations of suitability relating to the customer’s over-the-counter equities transactions.
On November 22, 1999, another customer initiated investment related complaint regarding Shatzkamer’s conduct was resolved for $40,000.00 in damages founded on allegations that Shatzkamer misrepresented equities products and made investment recommendations that were not suitable for the customer. Thereafter, a customer initiated investment related arbitration claim regarding Shatzkamer’s activities was settled for $27,000.00 in damages supported by accusations that Shatzkamer churned the customer’s over-the-counter equities portfolio. National Association of Securities Dealers (NASD) Arbitration No. 01-01977 (May 31, 2003).
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