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 the customer’s account on an excessive and unauthorized basis, and ultimately churned the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Shapiro has been identified in three additional customer initiated investment related disputes containing allegations of Shapiro’s misconduct while employed with Oppenheimer & Co. Inc. and Morgan Stanley & Co. Incorporated. Particularly, on December 15, 2008, a customer filed an investment related complaint involving Shapiro’s conduct, in which the customer requested $217,017.00 in damages based upon allegations that Shapiro effected bond transactions in the customer’s account which were not suitable.
Subsequently, on January 22, 2016, a customer filed an investment related written complaint pertaining to Shapiro’s actions, which was based upon allegations that in 2014, Shapiro effected unsuitable mutual funds transactions in the customer’s account. On January 25, 2016, another customer filed an investment related written complaint regarding Shapiro’s activities, which was based upon allegations that in September and October of 2014, Shapiro effected unsuitable and unauthorized mutual funds purchases in the customer’s account.
Further, on February 1, 2016, a customer filed an investment related written complaint involving Shapiro’s conduct based upon allegations that Shapiro effected unsuitable transactions in the customer’s account and placed trades in the customer’s account without authorization.
Guiliano Law Group
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