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 Krumrey has been referenced in two customer initiated investment related disputes pertaining to allegations of Krumrey’s misconduct while employed with Oppenheimer & Co. Inc. Specifically, a customer filed an investment related arbitration claim regarding Krumrey’s activities in which the customer requested $200,000.00 in damages supported by accusations of breach of contract, negligent supervision, breach of fiduciary duty, and negligence in reference to oil and gas investments executed in the customer’s investment account. Then, on December 21, 2017, a customer initiated investment related written complaint involving Krumrey’s conduct was settled for $35,000.00 in damages founded on allegations that unauthorized equity transactions had been placed in the customer’s account.
FINRA Public Disclosure additionally confirms that Oppenheimer & Co. Inc. fired Krumrey on August 31, 2017, based upon accusations that he tried to resolve a customer initiated investment related dispute away from Oppenheimer & Co, Inc.
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