Steven David Schultz of Palm Beach Gardens Florida a stockbroker currently employed by Oppenheimer Co. Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $750,000.00 in damages based upon allegations of (1) the failure to supervise securities transactions placed in the customer’s account (2) misrepresentation (3) breach of contract (4) breach of fiduciary duty (5) suitability and (6) fraud in reference to the customer’s investments in energy stocks and municipal bonds. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02743 (Aug. 8, 2018).
FINRA Public Disclosure confirms that on April 16, 2001, a customer filed an investment related complaint involving Schultz’s activities where the customer requested $146,668.00 in damages founded on accusations that while Schultz was registered with Prudential Securities Incorporated, stock and over-the-counter equities investments held in the customer’s account were not consistent with the customers’ objectives for investing and financial needs; and the customer’s account was churned.
Schultz has been associated with Oppenheimer since September 26, 2005.
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