December 2017-San Antonio, Texas – Corona, California
We are investigating former H. Beck , Inc. stockbroker George J. Oldoerp in connection with a FINRA arbitration which we have filed on behalf of an elderly retired couple from San Antonio, Texas.
Our clients, who are seeking damages of $500,000, allege that Oldoerp made unsuitable recommendations to them in various alternative investments including:
- Cypress Income Fund VII
- Cypress Income Fund 9
- Cypress Income Fund III
- Cypress Equipment Fund X
- Atlas Energy
- FS Investments
- CNL Lifestyle Property Trust
- Northstar Real Estate Income Trust
- Cole Credit Property Trust II
- Cole Credit Property Trust III
Our clients also allege that Oldoerp asked them to make a personal loan to him. Brokerage firms and industry rules generally prohibit borrowing from customers.
According to FINRA records, George J. Oldoerp was employed by H. Beck, Inc. from 1/2002-12/2016 .
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.
If you have information you feel would be helpful to our investigation, please contact us. If you have questions about an account handled by George J. Oldoerp, 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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