Abraham Heimann, of Alpharetta, Georgia, a stockbroker formerly registered with Cetera Advisors LLC, has been identified in a customer initiated investment related arbitration claim, where the customer sought $364,000.00 in damages based upon allegations of unauthorized trading, misrepresentation, breach of contract, breach of fiduciary duty, and fraud in regard to energy sector investments, including oil & gas and equity products, that had been effected in the customer’s accounts. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02785 (Oct. 19, 2017). The customer accused Cetera Advisors of the failure to supervise Heimann’s activities.
FINRA Public Disclosure reveals that Heimann is the subject of five more customer initiated investment related disputes containing allegations of Heimann’s misconduct while employed with Oppenheimer and Cetera Advisors. Specifically, on January 10, 2017, a customer filed an investment related arbitration claim involving Heimann’s activities, wherein the customer requested $876,195.00 in damages based upon allegations that energy and medical investments, oil & gas products and penny stocks transactions were not suitable for the customer and had been effected in the customer’s investment account without the customer’s consent. FINRA Arbitration No. 15-03220 (Jan. 10, 2017).
On March 21, 2017, another customer filed an investment related arbitration claim regarding Heimann’s activities, requesting $2,000,000.00 in damages founded on accusations of negligence, breach of fiduciary duty, excessive commissions and fees, and fraud pertaining to stock trades placed in the customer’s portfolio. FINRA Arbitration No. 17-00766 (Mar. 21, 2017). The customer further alleged that Cetera and Oppenheimer failed to supervise Heimann’s activities.
Then, a customer filed an investment related arbitration claim involving Heimann’s conduct, where the customer sought $300,000.00 in damages based upon allegations that the customer was defrauded. FINRA Arbitration No. 17-01009 (Apr. 20, 2017). Another customer filed an investment related arbitration claim regarding Heimann’s activities, requesting $1,500,000.00 in damages based upon allegations that Heimann failed to diversify the customer’s equity investment portfolio. FINRA Arbitration No. 17-01951 (July 25, 2017).
Heimann is also the subject of a customer initiated investment related arbitration claim, in which the customer sought $200,000.00 in damages supported by allegations that Heimann was negligently hired by the firm, and that Heimann’s activities failed to be supervised, causing oil & gas and equity transactions to be executed in the customer’s account on an unauthorized and fraudulent basis. FINRA Arbitration No. 17-02498 (Sept. 20, 2017).
Heimann’s employment with Cetera Advisors LLC was terminated as of February 8, 2016.
Guiliano Law Group
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