Richard Mark Strauss of Boca Raton Florida a stockbroker formerly registered with Oppenheimer & Co. Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages founded on allegations that (1) unsuitable recommendations had been made to the customer (2) the customer’s account was handled in a negligent manner (3) fiduciary duties owed to the customer had been breached and (3) contractual obligations had been unfulfilled. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-00054 (Jan. 4, 2018).
FINRA Public Disclosure also confirms that on November 19, 2015, a customer initiated investment related complaint concerning Strauss’ conduct was settled for $11,349.91 in damages supported by accusations that between June and October of 2015, over-the-counter equities and debt transactions had been effected in the customer’s account without the customer’s authorization.
Strauss was discharged from Oppenheimer & Co. Inc. on October 28, 2015 based upon allegations that unauthorized trades were placed in the customer’s account.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
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
