Gabriel Block, of Red Bank, New Jersey, a stockbroker formerly registered with Oppenheimer & Co. Inc., has been named in a customer initiated investment related arbitration claim on July 6, 2015, which settled for $90,000.00 in damages based upon allegations that Block breached his fiduciary and contractual duties to the customer, negligently handled the customer’s accounts, and effected unsuitable investment transactions in the customer’s account.
FINRA Public Disclosure reveals that Block has been subject to seven other customer disputes. Particularly, on November 1, 2005, a customer filed an investment related arbitration claim involving Block’s conduct, in which the customer requested $10,231.16 in damages based upon allegations that Block effecting unauthorized trades in the customer’s investment account.
On January 24, 2011, a customer initiated investment related arbitration claim involving Block’s conduct was settled for $5,000.00 in damages based upon allegations that Block did not handle the customer’s account in the customer’s best interest. Additionally, on March 21, 2011, a customer initiated an investment related arbitration claim involving Block’s actions, in which the customer requested $30,000.00 in damages based upon allegations that Block excessively traded in the customer’s account.
On December 9, 2013, a customer initiated investment related arbitration claim involving Block’s actions was settled for $30,000.00 in damages based upon allegations that the customer’s assets, which consisted of her retirement savings, were placed into unsuitable investments. Further, on July 6, 2015, a customer initiated investment related arbitration claim involving Block’s conduct was settled for $35,000.00 in damages based upon allegations that Block negligently handled the customer’s account, effected unsuitable transactions, and breached his fiduciary duty to the customer.
Following Block’s termination from Oppenheimer, he became registered with National Securities Corporation from March of 2014 to April of 2016. Since March of 2015, he has been registered with First Standard Financial Company LLC.
Guiliano Law Group
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