Joel Alan Butler, of Atlanta, Georgia, a stockbroker formerly registered with Oppenheimer & Co. Inc., has been identified in a customer initiated investment related arbitration claim, in which the customer requested $175,000.00 in damages based upon allegations that Butler made unsuitable investment recommendations to the customer concerning unit investment trust and oil and gas products. Financial Industry Regulatory Authority (FINRA) Arbitration No. 16-01811 (July 26, 2016).

FINRA Public Disclosure reveals that Butler has been identified in two additional customer initiated investment related disputes containing allegations of his improper conduct during the time that he was employed with Lehman Brothers. Specifically, on March 3, 1992, a customer initiated investment related written complaint involving Butler’s conduct was settled for $450,000.00 in damages resting on allegations that the customer was sold an equity in a company that went bankrupt two weeks subsequent to the customer’s purchase.

Subsequently, a customer initiated investment related written complaint regarding Butler’s activities was resolved for $30,000.00 in damages based upon accusations that Butler breached his fiduciary duties, negligently serviced the customer’s investment account, and failed to diversify the customer’s funds by over-concentrating them in over-the-counter equities.

Butler’s employment with Oppenheimer & Co. Inc. was terminated as of March 18, 2016. Since March 29, 2016, he has been associated with American Wealth Management, Inc.

Guiliano Law Group

Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

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