According to FINRA records, Benjamin G. Aibel , a stockbroker who formerly worked for Wunderlich Securities , discloses two pending customer disputes and 4 prior customer disputes that are resolved.
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 15-02698, a customer of Wunderlich Securities alleges damages of $600,000 for unsuitable investments, unauthorized trading, breach of fiduciary duty and negligence. The time frame is December 2012-July 2015.
In another pending matter, a Wunderlich customer alleges unsuitable investments, poor performance and that Aibel would not listen to her. No amount of damages is alleged.
In three prior customer disputes brought in 2002, customers of Aibel while he was employed by Salomon Smith Barney brought claims related to the misrepresentation of bond investments. Those cases were settled for amounts ranging from $46,500-$58,900.
In a fourth case in 2002, brought by a customer of Aibel while he worked for Salomon Smith Barney, alleged that the account had been churned and had unsuitable investments. That case was settled for $82,,500.
AIbel was employed at Wunderlich Securities from 10/2012-12/2015. Prior to that he worked for Sanders Morris Harris Inc.
If you have questions about an account handled by Benjamin G. Aibel , call for a no charge consultation.
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.
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