Ernest Sean Mishne of Beachwood, Ohio, a stockbroker registered with Oppenheimer Co. Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $192,746.31 in compensatory damages because Mishne and Oppenheimer Co. Inc. were held liable on the customer’s claims which included that Mishne committed fraud, violated FINRA rules, and breached his fiduciary duties in connection with the sale of options when Mishne was associated with Oppenheimer Co. Inc. FINRA Arbitration No. 20-01604 (July 1, 2022).
This is not the first time that Mishne has been referenced in a customer initiated investment related dispute concerning Mishne’s conduct in the securities industry. FINRA Public Disclosure shows that Mishne was the subject of a customer initiated investment related NASD securities arbitration claim in which the customer was awarded $275,000.00 in compensatory damages because Mishne and Fahnestock Co. Inc. were held liable for sales practice violations. NASD Arbitration No. 01-03417 (August 12, 2002). The Statement of Claim alleged that Mishne engaged in excessive trading in stocks during the time that Mishne was associated with Fahnestock Co. Inc.
Mishne has been associated with Oppenheimer Co. Inc. as a stockbroker since April 6, 1995, and as an investment advisor representative since March 24, 2004.