Category Archives: Oppenheimer

Cesar Hurtado Investigation-Oppenheimer Stockbroker–Miami, FL

June 2017-Miami, Florida

We are investigating Miami-based Oppenheimer & Co. stockbroker Cesar Augusto Hurtado. FINRA records indicate that Hurtado has been employed by Oppenheimer since 2003. Prior to that he was employed by CIBC World Markets Corp.

Our client is a non-US resident from Central America who alleges damages for misuse of margin borrowing , unsuitable investments in foreign trusts formed on advice from Hurtado.

If you have information you feel could be helpful to this investigation, please contact us at 561 391 1900.

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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

En español

Para conversar en español – llame al licenciado José G. Rodríguez, Esq. 561-686-2800

 

Craig S. Forster-Former Oppenheimer Broker-Discloses Customer Disputes-Hawthorne, NY

May 2017-Hawthorne, NY

The FINRA records of  Craig S. Forster  ,  a  stockbroker who is currently  registered with Woodstock Financial Group  disclose 9 prior customer disputes .

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.

The prior customer disputes include:

  • In 11/2016 a customer of his prior employers Andrew Garrett and Oppenheimer was paid $165,000 to resolve allegations that Forster made unsuitable investments and breached his fiduciary duty.
  • In 11/2016 a customer of Oppenheimer was paid $250,000 to resolve allegations that Forster engaged in unsuitable and unauthorized transactions in order to generate commissions and that he was no licensed in the state where the customer resides. Subject investments include oil & gas, real estate securities, mutual funds and debt-municipal.
  • In 9/2015 a customer of Oppenheimer was paid $160,000 to resolve allegations that Forster made unsuitable recommendations and made excessive trades in her account from 11/2011-11/2014.

Craig S. Forster  has been employed by Woodstock Financial Group since 7/2016. He was employed by Andrew Garrett  from 4/2015-8/2016, Clark Dodge & Co. from 1/2015-4/2015 and Oppenheimer 10/2011-2/2015.

If you have questions about an account  handled by Craig S. Forster  , contact us to discuss your options.

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

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Abraham Heimann-Former Cetera Advisors Broker-Discloses Customer Disputes Seeking $3M-Alpharetta, GA

May 2017-Alpharetta, GA

According to publicly available records Abraham Heimann, (CRD#1315922) ,  a  stockbroker who is not currently registered with any brokerage firm discloses three currently pending customer disputes.

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 #17-1009, a customer of Heimann while he was employed at Oppenheimer and then Cetera Advisors alleges damages of $30,000 against Cetera and $300,000 against Oppenheimer for breach of fiduciary duty, fraud, failure to supervise, unauthorized trading, excessive fees, costs and commissions and negligence for the way his account was handled.

In currently pending FINRA case #17-0766, a customer of Heimann while he was employed at Oppenheimer and then Cetera Advisors alleges damages of $2,000,000 for breach of fiduciary duty, fraud, failure to supervise, unauthorized trading, excessive fees, costs and commissions and negligence for the way his account was handled.

In currently pending FINRA case #15-03220 , another customer of Heimann while he was employed at Oppenheimer and then Cetera Advisors alleges damages of $876,195 for unsuitable investing, unauthorized trading, negligence, breach of fiduciary duty and misrepresentation. The investments alleged to be unsuitable are oil & gas, penny stocks and medical investments.

Heimann was employed by Cetera Advisors  from 6/2013-2/2016.  He was with Oppenheimer & Co. from 1/2002-7/2013. Heimann discloses business affiliations with Alpha Insurance Mart, Global Investments LLC,  and Danlee International.

We are currently evaluating potential cases against the firms who employed Abraham Heimann.

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

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Brett S. Murphy-Former Oppenheimer Broker-Discloses $2M Pending Customer Dispute-Boca Raton, FL

February 2017-Boca Raton, FL

According to publicly available records Brett S. Murphy , (CRD# 2434384) ,  a  stockbroker who is currently registered with Revere Securities, LLC  disclose 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 FINRA Case 16-2362, a customer of Oppenheimer & Co. alleges damages of $2,000,000 and further alleges that his account was excessively traded in UITs which were unsuitable and that Mr. Murphy was not properly supervised from 7/2011 to the present.

Murphy has been employed by Revere Securities since 3/2015. Prior to that he was employed by Oppenheimer & Co. from 7/2011-3/2015. Prior to that he was employed by Raymond James Financial Services.

If you have questions about an account in an account handled by Brett Murphy, contact us to discuss your legal options.

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

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Anthony Mazzo-Former UBS Financial Broker-Discloses Customer Dispute

November 2016-Palm Beach, Florida

The FINRA records of  Anthony J. Mazzo,  a  stockbroker who is currently  employed by  BB&T Securities disclose 4 prior customer disputes that have been resolved, a currently pending customer dispute and a separation from employment after allegations.

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 the currently pending matter, FINRA case#16-0458, a customer of Mazzo’s former employer, UBS Financial Services, alleges damages of $50,000 for an unsuitable investment recommendation and misrepresentation in connection with the purchase of shares in a unit investment trust.

Mazzo has been registered with BB&T Securities since 4/2016. Prior employment includes UBS Financial and Oppenheimer & Co.

 

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

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

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Mark S. Garfinkel-Oppenheimer Broker, Boca Raton-Discloses Customer Disputes and Bankruptcy Filing

August  2016-Boca Raton, Florida

The FINRA records of Mark S. Garfinkel ,  a  stock broker who is currently employed  by Oppenheimer & Co.  , disclose  five prior  customer disputes and and one financial event.

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.

Garfinkel’s prior customer disputes include:

  • New York Stock Exchange Case#2002-010633-In which a customer of Garfinkel’s prior employer, Morgan Stanley, alleged damages of $435,000 for common law and statutory securities violations. That case was settled for $95,000.

Garfinkel discloses the filing of a Chapter 7 personal bankruptcy proceeding in 9/2010 in U.S. Bankruptcy Court Southern District of Florida.

Garfinkel has been employed by Oppenheimer & Co. at 4855 Technology Way, Suite 400,  Boca Raton, FL, since 11/2013.   Garfinkel’s  prior employment includes:

  • Raymond James, Jupiter, FL                     2/2013-11/2013
  • Morgan Keegan, Jupiter, FL                      8/2010-2/2013
  • Morgan Stanley SB, Boca Raton             6/2009-8/2010
  • Citigroup Global Mkt, Boca                       4/2005-6/2009

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

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Allen B. Holeman-David Lerner Broker-Discloses Regulatory Complaint

July 2016- Syosset, NY

The FINRA records of Allen B. Holeman  , a stock broker who works for David Lerner Associates  , disclose  a currently pending regulatory matter and 2 outstanding judgement/liens

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 a currently pending FINRA Case # 2014043001601, FINRA alleges that Holeman willfully failed to timely amend FINRA records to disclose unsatisfied tax liens after there were imposed. The complaint alleges that Holeman also falsely completed his firm annual compliance questionnaire, thereby misleading the firm by attesting that there were no liens against him when he knew there were.

Holeman discloses 2 unsatisfied IRS tax liens in the amounts of $18,444.42 and $58,853.40.

Holeman has worked for David Lerner Associates since 11/2013. Prior to that he worked for Oppenheimer & Co.

If you have losses in an account handled by Allen B. Holeman , contact us to discuss your options.

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

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870