Tag Archives: Oppenheimer & Co.

Ameriprise Terminates Stockbroker For Churning Fixed Income Securities

December 07, 2020  |   Posted by :   |   Bond Fraud, Excessive Trading, Investment and Regulatory News   |   Comments Off on Ameriprise Terminates Stockbroker For Churning Fixed Income Securities

Eric Travis Roark of New York New York a stockbroker formerly registered with Ameriprise Financial Services has been discharged by the securities broker dealer on July 14, 2020 based upon accusations that Roark effected excessive fixed income securities trades in violation of company policy. Roark has been identified in two customer initiated investment related disputes […]

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Oppenheimer Stockbroker Investigated By FINRA For UIT Misconduct

November 04, 2020  |   Posted by :   |   Securities Arbitration Claims, Unit Investment Trusts (UITs)   |   Comments Off on Oppenheimer Stockbroker Investigated By FINRA For UIT Misconduct

Martin William Padilla of Los Angeles California a stockbroker formerly registered with Oppenheimer Co. Inc. is referenced in a Financial Industry Regulatory Authority (FINRA) investigation into accusations that Padilla made unsuitable trades of unit investment trusts in customer accounts. Case No. 2018057228701 (Aug. 7, 2020). FINRA Public Disclosure indicates that Department of Enforcement might proceed […]

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Oppenheimer Accused Recommending Unsuitable Exchange Traded Funds

September 14, 2020  |   Posted by :   |   Inverse/Leveraged ETF Funds   |   Comments Off on Oppenheimer Accused Recommending Unsuitable Exchange Traded Funds

David Warg Best of Bethlehem Pennsylvania a stockbroker and financial advisor formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related written complaint that was resolved on July 30, 2019 for $18,750.00 in damages founded on accusations of unsuitable exchange traded funds and closed end funds being sold to the customer […]

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Investors Sue Oppenheimer For Negligence

July 11, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Failure To Supervise, Securities Arbitration Claims, Stockbroker Negligence   |   Comments Off on Investors Sue Oppenheimer For Negligence

David Wayne Krumrey of The Woodlands Texas a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages based upon accusations including breach of fiduciary by Krumrey as it pertained to equity transactions effected in the customer’s account between January […]

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Oppenheimer Accused Of Defective Investment Advice

June 03, 2020  |   Posted by :   |   Defective Option Strategies, Securities Arbitration Claims   |   Comments Off on Oppenheimer Accused Of Defective Investment Advice

Dennis Phillip Ayre of Los Angeles California a stockbroker formerly employed by Oppenheimer Co. Inc. has been identified in a customer initiated investment related arbitration claim which was resolved for $20,823.06 in damages on March 27, 2020 founded on accusations that the customer was placed into an investment management service which carried risks beyond that […]

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Customer Accuses Oppenheimer Unsuitable Recommendations

April 08, 2018  |   Posted by :   |   Unsuitable Investment Recommendations   |   0 Comments

Malcolm Douglas MacLennan of Los Angeles California is a stockbroker formerly registered with Oppenheimer and Co. Inc. who is the subject of a customer initiated investment related written complaint on September 12, 2016 in which the customer sought more than $5,000.00 in damages founded on accusations that the customer’s assets were invested in unsuitable equity […]

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Oppenheimer Broker Fined For Unapproved Customer Loan

March 07, 2018  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   0 Comments

Jason Hunter Likens of Orlando Florida is a stockbroker formerly employed with Oppenheimer who has been has been fined ten thousand dollars and suspended for fifteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he entered into unapproved loan arrangements with customers of […]

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Customer Sues Oppenheimer For Fraud

March 07, 2018  |   Posted by :   |   Investment and Regulatory News, Municipal Bond Fraud   |   0 Comments

Michael Robert Greenfield of Boca Raton Florida is a stockbroker formerly registered with Oppenheimer and Company who is the subject of a customer initiated investment related arbitration claim where the customer requested one hundred forty-seven thousand three hundred thirty-four dollars in damages founded on allegations of (1) omissions (2) fraud (3) breach of contract (4) […]

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Customer Sues Oppenheimer For Suitability

November 07, 2017  |   Posted by :   |   Over Concentration   |   0 Comments

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. […]

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Oppenheimer Stockbroker Suspended For Suitability

September 15, 2017  |   Posted by :   |   Failure To Supervise, Inverse/Leveraged ETF Funds   |   0 Comments

Edward T. McFarlane, of Jenkintown, Pennsylvania, a stockbroker formerly registered with Oppenheimer & Co. Inc., has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected non-traditional exchange traded fund trades which were not suitable for […]

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Oppenheimer Fined for Failure to Supervise

Oppenheimer & Co., Inc., of New York, New York, was censured and fined $225,000 by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm failed have adequate supervisory procedures to address short positions in tax-exempt municipal bonds that resulted primarily from trading errors and which resulted in inaccurate representations to Oppenheimer’s clients. […]

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Oppenheimer & Co. Broker Suspended For Outside Business Activities

Royce O. Simpson, a registered representative with Oppenheimer & Co. Inc., was suspended from association with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity and faced a $15,000.00 fine after consenting to findings that he engaged in outside business activities without approval of his firm, while also failing to timely respond to […]

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