Tag Archives: Oppenheimer & Co. Inc.

Investors Sue Oppenheimer For Securities Fraud

Michael Alexander Lackwood a stockbroker formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought as much as $500,000.00 in damages founded on allegations that between January 1, 2014 and June 30, 2018: (1) fiduciary duties had been breached (2) the customer’s account was […]

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Oppenheimer Sued By Investors For Breach Of Contract

Robert Abramowitz of Jericho New York a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for more than $50,000.00 in damages founded on accusations that (1) fiduciary duties had been violated (2) the customer’s investment account was handled in a negligent manner […]

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Investors Sue Oppenheimer For Breach Of Fiduciary Duty

August 27, 2019  |   Posted by :   |   Stockbroker Fraud News   |   0 Comments

David Wayne Krumrey of The Woodlands Texas a stockbroker employed by Oppenheimer Co. Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought unspecified damages based upon allegations that between 2010 and 2018: (1) the customer’s account was handled in a negligent manner (2) contractual obligations had been violated […]

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Investors Sue Oppenheimer For Churning

Luigi Edward Mancusi (also known as Lou Mancusi) of Lake Forrest Illinois a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $25,000.00 in damages based upon accusations that (1) Mancusi churned the customer’s account (2) Mancusi executed unauthorized trades and (3) […]

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Oppenheimer Sued By Investors For Misrepresentation

August 02, 2019  |   Posted by :   |   FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

Joel Eric Breiter of Westhampton New York a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim which settled for $112,500.00 in damages founded on accusations that (1) Breiter’s investment recommendations failed to be suitable given the customer’s risk tolerance and (2) misrepresentations had been made […]

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Investors Sue Oppenheimer For Securities Fraud

David Albert Tufts Jr. of New York New York a stockbroker formerly employed by Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $1,170,500.00 in damages supported by allegations that between June 1, 2013 and October 1, 2016, Tufts was responsible for (1) breaching contractual […]

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Investors Sue Oppenheimer For Securities Fraud

Matthew J. Giannone of Melville New York a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $45,000.00 in damages founded on allegations that (1) misrepresentations had been made to the customer (2) the customer’s account was mishandled (3) contractual obligations to […]

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Investors Sue RBC For Unsuitable Municipal Bond Recommendations

Eugene Henry Freund of New York New York a stockbroker formerly employed by RBC Capital Markets LLC is referenced in a customer initiated investment related arbitration claim which was settled for $157,500.00 in damages founded on allegations that bad municipal debt investment transactions were executed in the customer’s account during the time Freund was associated […]

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Oppenheimer Accused By Investors Of Churning

Patrick Jude Esparrago of New York New York a stockbroker formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related written complaint on February 17, 2017 in which the customer sought damages estimated to exceed $5,000.00 founded on accusations that between June of 2014 and December of 2015: (1) the customer […]

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Oppenheimer Pays Investor For Unauthorized Trading Claim

March 28, 2019  |   Posted by :   |   Stockbroker Fraud News, Unauthorized Trading   |   0 Comments

Matthew Eric Platnico (also known as Matt Platnico) of New York New York a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related written complaint which was resolved for $95,690.00 on February 5, 2019 based upon allegations that while Platnico was associated with Oppenheimer: (1) unauthorized options trades […]

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The GMS Group Accused Of Investment Fraud

Oscar Andres Rico of Boca Raton Florida a stockbroker formerly registered with The GMS Group LLC is the subject of a customer initiated investment related written complaint which settled for $60,000.00 on December 20, 2018 based upon accusations that Rico made false or misleading statements to the customer concerning Puerto Rico municipal debt investments that […]

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Investors Sue Oppenheimer For Defective Investment Advice

James Donald Routhier of Florham Park New Jersey a stockbroker formerly employed by Oppenheimer Co. Inc. is referenced in a customer initiated investment related arbitration claim which settled for $92,500.00 in damages based upon allegations that (1) Routhier gave bad investment recommendations to the customer in reference to the customer’s mutual fund purchases and (2) […]

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Oppenheimer Accused By Investors Of Churning

Brandon Boyd Hanna of Minneapolis Minnesota a stockbroker formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related written complaint on July 17, 2018 in which the customer sought $350,000.00 in damages founded on accusations that (1) the customer’s account was churned and (2) stock, mutual funds and exchange traded funds […]

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Oppenheimer Accused Of Mutual Fund Misconduct

Stephen Brown of Fort Lauderdale Florida a stockbroker formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related written complaint on July 29, 2016 in which the customer requested more than $5,000.00 in damages based upon allegations that (1) the customer’s assets were not appropriately diversified and (2) overly speculative mutual […]

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Oppenheimer Sued By Investors For Misconduct

Christopher Matthew Keeler Sr. of Stamford Connecticut a stockbroker formerly employed by Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $542,000.00 in damages based upon allegations that (1) unauthorized oil and gas, mutual fund and equity trades were effected in the customer’s account (2) […]

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Investors Sue Oppenheimer For Failure to Supervise ETF Trades

James Francis Lowe of New York New York a stockbroker and supervisor currently registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages founded on accusations that Lowe failed to supervise one of the firm’s financial advisors servicing the customer’s account who […]

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Investors Sue Oppenheimer For Options Losses

January 19, 2019  |   Posted by :   |   FINRA Securities Arbitration, Options, Stockbroker Fraud News   |   0 Comments

Kenneth A. Rubin of Danbury Connecticut a stockbroker formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $12,500.00 in damages founded on accusations that Rubin made unsuitable options recommendations to the customer. FINRA Arbitration No. 16-03278 (Apr. 19, 2017). Financial Industry Regulatory Authority (FINRA) […]

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Oppenheimer Broker Suspended For Bad Recommendations

Peter Chris Marketos of Paramus New Jersey a stockbroker formerly employed by Oppenheimer Co Inc. and Raymond James Associates Inc. has been fined $20,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Marketos made unsuitable investment recommendations to […]

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Investors Slam Oppenheimer For Unauthorized Trading

November 30, 2018  |   Posted by :   |   Stockbroker Fraud News, Suitability, Unauthorized Trading   |   0 Comments

David Thomas Pawloski of Princeton New Jersey a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related written complaint which settled for $60,000.00 on October 25, 2017 supported by allegations that between February of 2017 and April of 2017: (1) unauthorized transactions were placed in the customer’s account […]

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Investors Sue Oppenheimer’s Best For The Worse Trading

David Warg Best of Bethlehem Pennsylvania a stockbroker formerly employed by Oppenheimer & Co. Inc. is referenced in a customer initiated investment related complaint on August 18, 2017 where the customer sought $1,000,000.00 in damages supported by accusations that (1) unsuitable closed-end fund and stock transactions had been executed in the customer’s investment account (2) […]

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Investors Blame Oppenheimer For Speculative Recommendations

November 12, 2018  |   Posted by :   |   Master Limited Partnerships, Stockbroker Fraud News, Suitability   |   0 Comments

David Phillip Brandt of Saint Louis Missouri a stockbroker currently employed by Oppenheimer Co. Inc. is the subject of a customer initiated investment related written complaint in which the customer sought damages estimated to exceed $5,000.00 in damages supported by allegations that Brandt had improperly steered the customer into investing in speculative master limited partnership […]

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Oppenheimer Broker Suspended For Investor Loans

Patrick McGrath III of Miami Florida a stockbroker formerly employed by Oppenheimer Co. Inc. has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he borrowed funds from a customer without permission. Letter of Acceptance Waiver and Consent No. 201303723890 […]

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Oppenheimer Sued by Investor For Fraud

Steven David Schultz of Palm Beach Gardens Florida a stockbroker currently employed by Oppenheimer Co. Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $750,000.00 in damages based upon allegations of (1) the failure to supervise securities transactions placed in the customer’s account (2) misrepresentation (3) breach of […]

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Investor Sues Oppenheimer For Fraud

Robert Bruce Cline of Rochester Michigan a stockbroker formerly employed by Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested more than $5,000.00 in damages based upon allegations that between 2007 and 2017: (1) fiduciary obligations to the customer were breached (2) the customer’s penny […]

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Investors Accuse Oppenheimer Of Excessive Trading

Patrick George Colligan of Stamford Connecticut a stockbroker currently employed by Oppenheimer Co. Inc. is referenced in a customer initiated investment related written complaint on October 24, 2017 in which the customer sought at least $5,000.00 in damages based upon accusations that between November 1, 2016 and May 31, 2017, municipal debt and corporate debt […]

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Investors Sue Oppenheimer For Breach Of Fiduciary Duty

Jeffrey Sy Rubenstein of New York New York a stockbroker currently employed by Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages based upon accusations that between 2012 and 2017, contractual and fiduciary obligations to the customer had been breached and the […]

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Investors Accuse Oppenheimer Of Unauthorized Trading

July 16, 2018  |   Posted by :   |   Stockbroker Fraud News, Unauthorized Trading   |   0 Comments

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 […]

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Oppenheimer Customer Claims Breach Of Fiduciary Duty

June 30, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Richard Mark Strauss of Boca Raton Florida a stockbroker formerly registered with Oppenheimer & Co. Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages founded on allegations that (1) unsuitable recommendations had been made to the customer (2) the customer’s account was handled in […]

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Oppenheimer Stockbroker Discharged For Failure To Disclose

May 17, 2018  |   Posted by :   |   Stockbroker Fraud News, Unauthorized Trading   |   0 Comments

Paul Anthony Dangelo of Saddle Brook New Jersey a stockbroker formerly registered with Oppenheimer Co. Inc. has been discharged by the firm on March 13, 2018 founded on accusations that Dangelo neglected to apprise the firm that his activities were subject of a regulatory examination. This is not the first time that Dangelo has been […]

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Oppenheimer Sued By Customer For Theft

May 17, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Gavin Thomas Natelli of Florham Park New Jersey stockbroker currently employed by Oppenheimer Co. Inc. has been named in a customer initiated investment related civil action on March 26, 2018 where the customer sought $238,468.99 in damages founded on accusations that the customer’s investment funds had been converted. Civil Action No. MRS-L-548-18 (Mar. 26, 2018). […]

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Customer Accuses Wells Fargo Of Unsuitable Recommendations

William Stoddard Valentine of Philadelphia Pennsylvania a stockbroker formerly registered with Wells Fargo Advisors LLC was the subject of a customer initiated investment related complaint which settled on December 19, 2016 for $5,000.00 in damages supported by accusations that (1) the customer’s assets were not diversified (2) the customer’s assets were over-concentrated in master limited partnerships […]

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Customer Accuses Oppenheimer Of Unauthorized Trading

Michael Alexander Lackwood of New York New York a stockbroker currently registered with Oppenheimer and Co. Inc. is the subject of a customer initiated investment related written complaint on February 11, 2018 in which the customer requested $90,000.00 in damages supported by allegations that the customer’s account was mishandled and that unauthorized sales of equities […]

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Oppenheimer Sued By Customer For Churning

March 12, 2018  |   Posted by :   |   Churning, Stockbroker Fraud News   |   0 Comments

Philip Martin Hanover of Melville New York is a stockbroker formerly registered with Oppenheimer and Co. Inc. who is the subject of a customer initiated investment related arbitration claim where the customer sought one million one hundred eight thousand one hundred fifty-six dollars in damages based upon allegations of (1) churning (2) suitability and (3) […]

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Customer Sues Raymond James For Breach Of Contract

March 11, 2018  |   Posted by :   |   FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

Robert Abramowitz of Garden City New York is a stockbroker formerly registered with Raymond James Financial Services Inc. who is the subject of a customer initiated investment related arbitration claim which settled for forty thousand dollars in damages based upon accusations including (1) omissions and misrepresentations (2) breach of contract (3) breach of fiduciary duty […]

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Oppenheimer Sued By Customer For Failure To Supervise

February 20, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Churning, Stockbroker Fraud News   |   0 Comments

Leslie Brian Flaum of Melville New York is a stockbroker formerly registered with Oppenheimer who is the subject of a customer initiated investment related arbitration claim in which the customer sought over one million one-hundred eight thousand dollars in damages based upon accusations that Flaum failed to supervise a registered representative who breached his fiduciary […]

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FINRA Suspends Oppenheimer Broker For Ignoring Inquiry

February 20, 2018  |   Posted by :   |   FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

David Wayne Krumrey of the Woodlands Texas is a stockbroker formerly registered with Oppenheimer & Co. Inc. that has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to respond to FINRA personnel’s information request. Case No. 2017055552901 (Jan. 29 2018). FINRA Public Disclosure reveals that […]

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Customer Sues Oppenheimer For Churning

February 20, 2018  |   Posted by :   |   Stockbroker Fraud News, Suitability   |   0 Comments

Kenneth H. South of Newport Beach California is a stockbroker currently registered with Oppenheimer & Co. Inc. who is the subject of a customer initiated investment related arbitration claim in which the customer requested over one hundred sixty-one thousand dollars in damages based upon allegations that between June 1 2015 and February 1 2017 the […]

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Oppenheimer Sued By Customer For Churning

January 26, 2018  |   Posted by :   |   Churning, Closed End Funds, Stockbroker Fraud News   |   0 Comments

Paul Ellias Colchamiro, of Melville, New York, a stockbroker currently registered with Oppenheimer & Co. Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer sought at least $2,000,000.00 in damages founded on allegations including: closed-end funds and equities were effected in the customer’s account that were not suitable […]

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Customer Accuses Oppenheimer Of Misrepresentation

January 26, 2018  |   Posted by :   |   Bond Fraud, Stockbroker Fraud News   |   0 Comments

Eric Brian Rosenberg, of New York, New York, a stockbroker currently registered with Oppenheimer & Co. Inc., is the subject of a customer initiated investment related complaint, which settled on April 5, 2016 for $35,285.00 in damages founded on allegations that Rosenberg effected a Transocean corporate bond purchase in the customer’s account that was neither […]

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Customer Accuses Oppenheimer Of Churning

January 10, 2018  |   Posted by :   |   Churning, Stockbroker Fraud News   |   0 Comments

Derrick Timothy Watts of Saint Charles, Illinois, a stockbroker currently registered with Oppenheimer & Co., is the subject of a customer initiated investment related written complaint, in which the customer requested over $5,000.00 in damages founded on accusations that Watts churned the customer’s equity portfolio between January of 2010 and November of 2015. Financial Industry Regulatory […]

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SEC Bars Oppenheimer Broker For Fraud

January 10, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

William D. Bucci of King of Prussia, a stockbroker formerly registered with Oppenheimer & Co., Inc., has been barred from the securities industry by the Securities and Exchange Commission (SEC) according to an Initial Decision Making Findings and Imposing Sanction by Default containing findings that Bucci, inter alia, had been convicted of securities fraud in violation […]

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Oppenheimer Stockbroker Fined For Unauthorized Trading

November 07, 2017  |   Posted by :   |   Unauthorized Trading   |   0 Comments

Luigi Edward Mancusi, of Lake Forrest, Illinois, a stockbroker formerly registered with Oppenheimer & Co. Inc., has been fined $10,000.00, suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity, and agreed to provide $2,966.97 in restitution to a customer by consenting to findings that Mancusi effected unauthorized transactions in the […]

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Oppenheimer Sued For Unauthorized Trading

September 22, 2017  |   Posted by :   |   Churning   |   0 Comments

Todd Allen Burnett, of Saint Louis, Missouri, a stockbroker currently registered with Oppenheimer & Co., Inc., has been named in a customer initiated investment related written complaint on April 3, 2017, in which the customer requested $849,853.62 in damages based upon allegations that Burnett churned the customer’s investment portfolio and placed equity trades in the […]

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Oppenheimer Sued For Unauthorized Trading

James William Forsythe, of New York, New York, a stockbroker formerly registered with Oppenheimer & Co. Inc., is the subject of a customer initiated investment related arbitration claim on December 29, 2016, where the customer requested $2,000,000.00 in damages based upon allegations that from January of 2011 to August of 2016, Forsythe placed unauthorized, excessive […]

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Oppenheimer Sued For Unsuitability

June 13, 2017  |   Posted by :   |   FINRA Securities Arbitration   |   0 Comments

Eliot Charles Cohen, of Los Angeles, California, a stockbroker currently registered with Oppenheimer & Co. Inc., has been named in a customer initiated investment related written complaint on April 17, 2017, in which the customer requested damages estimated to exceed $5,000.00 based upon allegations that Cohen, over an eighteen-month period, effected master limited partnership and […]

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Former Oppenheimer Broker Suspended For Unsuitable Exchange Traded Funds

Edward T. McFarlane, a broker formerly in Oppenheimer’s Jenkintown, Pennsylvania branch office, in a Letter of Acceptance, Waiver & Consent, has agreed to serve a suspension and pay a fine relating the unsuitable Exchange Traded Funds (“ETFs”) he recommended to a customer. Between December 2010 and June 2012 McFarlane recommended 169 unsuitable trades in inverse, […]

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Oppenheimer Stockbroker Barred In Regulatory Investigation

May 18, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Greg D. Templeton, of New York, New York, a stockbroker formerly registered with Oppenheimer & Co., Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations of his sales practice violations and “mishandling” of […]

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Financial Advisor Sentenced to Prison for $21 million Ponzi Scheme

May 18, 2017  |   Posted by :   |   Ponzi Scheme, Stockbroker Fraud News   |   0 Comments

Patrick Churchville, president of a Rhode Island investment advisor, was sentenced to seven years in federal prison in March of this year relating to a Ponzi scheme he operated since 2010. Churchville was president of ClearPath Wealth Management, LLC. In 2015 the SEC filed a civil complaint alleging that Churchville and ClearPath diverted investor deposits […]

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Oppenheimer Stockbroker Barred In Investigation

April 20, 2017  |   Posted by :   |   FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

David A. Tufts, of New York, New York, a stockbroker formerly registered with Oppenheimer & Co. Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to provide recorded testimony in a FINRA investigation into allegation of his supervisory misconduct. […]

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Oppenheimer Named In FINRA Arbitration

March 21, 2017  |   Posted by :   |   FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

Joel Eric Breiter, of Westhampton, New York, a stockbroker currently registered with Oppenheimer & Company, Inc., has been named in a customer initiated investment related written complaint on January 27, 2017, in which the customer requested $430,000.00 in damages based upon allegations that Breiter effected unsuitable over-the-counter equity transactions in the customer’s account. Financial Industry […]

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Oppenheimer Sued By Customer For Churning

Matthew Hugh Hurley, of San Diego, California, a stockbroker formerly registered with Oppenheimer & Co. Inc., has been named in a customer initiated investment related arbitration claim, which settled on November 10, 2016, for $15,000.00 in damages based upon allegations that Hurley failed to execute upon the customer’s stop loss order, and charged the customer […]

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Oppenheimer Sued for Churning

Brett Scott Murphy, of Palm Beach Gardens, Florida, a stockbroker formerly registered with Oppenheimer & Co. Inc., has been named in a customer initiated investment related arbitration claim on August 11, 2016, in which the customer requested $2,000,000.00 in damages based upon allegations that Murphy effected unsuitable unit investment trust transactions in the customer’s account, […]

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Oppenheimer & Company Sued for Churning

January 26, 2017  |   Posted by :   |   Churning, Stockbroker Fraud   |   0 Comments

Zak William Shapiro, of Los Angeles, California, a stockbroker formerly registered with Oppenheimer & Co. Inc., has been named in a customer initiated investment related written complaint on June 22, 2016, in which the customer requested $32,196.55 in damages based upon allegations that between April of 2015 to April of 2016, Shapiro effected trades in […]

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Oppenheimer & Company Accused of Fraud

January 25, 2017  |   Posted by :   |   FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

Gregg D. Templeton, of New York, New York, a stockbroker formerly registered with Oppenheimer & Co. Inc., was named in a customer initiated investment related arbitration claim on December 20, 2016, which settled for $562,500.00 in damages based upon allegations that from July 1, 2010 to March 31, 2015, Templeton misappropriated the customer’s funds, effected […]

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Oppenheimer Named In Customer Securities Arbitrations Involving Selling Away

Zahir Walji, of Austin, Texas, a stockbroker formerly registered Oppenheimer & Co. Inc., was named in two customer initiated investment related arbitration claims between June 6, 2010, and June 10, 2016, in which the customers collectively requested $1,640,000.00 in damages based upon allegations that Walji was liable to customers who had not received repayment of […]

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Oppenheimer Stockbroker Suspended For Hefty Unpaid Loans From Customers

January 05, 2017  |   Posted by :   |   Customer Loans, Stockbroker Fraud News   |   0 Comments

Matthew J. Giannone, of Melville, New York, a stockbroker formerly registered with Oppenheimer & Co. Inc., has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he entered into an unauthorized loan arrangement. Letter of Acceptance, Waiver and Consent, No. […]

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Oppenheimer & Company Named in Customer Arbitration Alleging Misrepresentation

November 30, 2016  |   Posted by :   |   FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

Mark S. Garfinkel, of Boca Raton, Florida, a stockbroker with Oppenheimer & Co. Inc., has been subject to a customer initiated investment related arbitration claim on February 18, 2015, based upon allegations that Garfinkel made misrepresentations to the customer concerning investments, and effected unsuitable investments in the customer’s account. FINRA Public Disclosure reveals that Garfinkel […]

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Oppenheimer Named In Customer Arbitration Claim

Gabriel Block, of Red Bank, New Jersey, a stockbroker formerly registered with Oppenheimer & Co. Inc., has been named in a customer initiated investment related arbitration claim on July 6, 2015, which settled for $90,000.00 in damages based upon allegations that Block breached his fiduciary and contractual duties to the customer, negligently handled the customer’s […]

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Oppenheimer Stockbroker Named in Customer Fraud Claim

November 02, 2016  |   Posted by :   |   Boilerroom, Churning, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Jeremy D. Hare, of Philadelphia, Pennsylvania, a stockbroker formerly registered with Oppenheimer & Co. Inc., has been named in a pending customer initiated investment related arbitration claim on September 14, 2016, in which the customer requested $1,000,000.00 in damages based upon allegations that Hare charged the customer with excessive commissions, committed negligence, breached his fiduciary […]

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Oppenheimer Fined For Failing To Supervise Exchange Traded Fund Sales

Oppenheimer & Co., Inc., headquartered in New York, New York, was censured and fined $2,250,000.00 by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm failed to properly supervise exchange traded funds. Letter of Acceptance, Waiver and Consent, No. 2012034556901 (June 7, 2016). According to the AWC, from August 4, 2009 through September […]

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Southwest Securities Broker Headed to Prison

Wade James Lawrence was a stockbroker at Dallas Fort Worth area offices of Oppenheimer & Co., Inc.and Southwest Securities. Mr. Lawrence is now headed to jail for a three year prison term, and was ordered to pay restitution of $1,454,384.48, by a North Texas Federal Judge, See Case No. 3:15-cr-374- M: United States of America […]

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