Michael Robert Greenfield of Boca Raton Florida is a stockbroker formerly registered with Oppenheimer and Company who is the subject of a customer initiated investment related arbitration claim where the customer requested one hundred forty-seven thousand three hundred thirty-four dollars in damages founded on allegations of (1) omissions (2) fraud (3) breach of contract (4) suitability and (5) breach of fiduciary duty in regard to municipal and corporate debt transactions effected in the customer’s account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-01558 (June 16 2017).
FINRA Public Disclosure reveals that Greenfield is referenced in four additional customer initiated investment related disputes that pertain to accusations of Greenfield’s violative conduct while he was employed with Oppenheimer & Co. Inc., The GMS Group, LLC, and Morgan Stanley Smith Barney. Specifically, on December 5, 2013, a customer initiated investment related written complaint concerning Greenfield’s conduct was settled for $5,940.07 in damages based upon allegations that bond transactions were effected in the customer’s account that were not appropriate for the customer.
Thereafter, a customer initiated investment related arbitration claim regarding Greenfield’s activities was resolved for $35,000.00 in damages supported by accusations that Greenfield made unsuitable investment recommendations to the customer and breached his fiduciary duties concerning the customer’s municipal debt securities transactions. FINRA Arbitration No. 14-02439 (Apr. 7, 2015).
Greenfield has also been subject of a customer initiated investment related arbitration claim that settled for $15,000.00 in damages founded on allegations that Greenfield made unsuitable investment recommendations to the customer in regard to closed end fund and structured note products. FINRA Arbitration No. 15-00677 (Sept. 17, 2015). Thereafter, on May 31, 2017, a customer initiated investment related written complaint regarding Greenfield’s activities was resolved for $10,000.00 in damages based upon accusations that a mutual fund investment had been misrepresented to the customer.
Greenfield’s registration with Oppenheimer & Co. Inc. was terminated on April 22, 2016. Since June 6, 2017, he has been registered with Newbridge Securities Corporation.
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