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Sony Oozeerally-Hennion & Walsh Broker-Discloses Settlement of Suit Over Bond Purchase-Parsippany, NJ

Sony Oozeerally-Hennion & Walsh Broker-Discloses Settlement of Suit Over Bond Purchase-Parsippany, NJ

Sony Oozeerally-Hennion & Walsh Broker-Discloses Settlement of Suit Over Bond Purchase-Parsippany, NJ 150 150 Rex Securities Law

August 2018- Parsippany, New Jersey

The FINRA records of  Mamode A. Oozeerally (“Sony”) ,  a  stockbroker who is  employed by  Hennion & Walsh  disclose two prior customer disputes and a pending customer dispute.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In currently pending FINRA Case 18-0655, a customer of Hennion & Walsh seeks unspecified damages and alleges that Oozeerally made unsuitable recommendations in bonds and mutual funds.

In the most recent settlement,  FINRA arbitration 17-0401,  a customer of Hennion & Walsh alleged damages of $150,000 for an unsuitable recommendation to purchase  municipal bonds. That matter was settled for $60,000.

Sony Oozeerally  has been employed by Hennion & Walsh since 9/2000.

If you have losses in an account in an account handled by Sony Oozeerally  , contact us to discuss how you may be able to recover damages for those losses.

Puerto Rico Debt Crisis

In early 2014, various credit rating agencies downgraded the debt of Puerto Rico to non investment grade, better known as junk status or speculative grade. This downgrade triggered acceleration clauses requiring the repayment of some debt within months, rather than years.

Puerto Rico has over $70 billion of outstanding debt, with a debt to GDP ratio of about 68%. While about $30 billion (42%) of Puerto Rico’s debt is owned by residents of Puerto Rico, the larger portion is owned by non-residents, primarily residents of the continental United States.

Investors who have suffered losses on Puerto Rico’s bonds may be able to recover damages from the brokerage firm who sold the bonds.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

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Florida-561 391 1900 

Texas-512-329-2870

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