October 2020-The Woodlands, TX
According to publicly available records of Jesse Webb (CRD#2298761) , a stockbroker with Oppenheimer & Co. lnc., discloses a final regulatory event , 3 settled customer disputes and a termination from employment.
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 September of 2018, Michigan Securities regulators filed administrative case #337223 and alleged “the Administrator intends to deny the securities application of Jesse Lynn Webber because applicant engaged in dishonest or unethical behavior in the securities industry within the previous ten years, which supports the denial of his registration application “. Webb’s application for securities broker registration was denied by the state of Michigan 10/2018.
In October of 2015, FINRA case #15-00167 was filed by a Merrill Lynch, Pierce, Fenner & Smith customer alleging unsuitable investment recommendations from 2008 until 2012. Claimant also alleged damages suffered due to losses in Social Security and Medicare Benefits. The case was settled for $35,000.
In April of 2010, FINRA case #10-01707 filed by a customer of Merrill Lynch, Pierce, Fenner & Smith alleged unauthorized trading and misrepresentation regarding auction rate securities from June to September of 2008. The case was settled for $2,400,000.
In April of 2009, FINRA case # 09-03605 filed by a customer of Merrill Lynch, Pierce, Fenner & Smith alleged misrepresentation and unsuitable investment recommendations. This case settled for $1,818,750.
In January of 2012 Webb was allowed to resign from Merrill Lynch after allegations that he had engaged in a purported real estate transaction outside the firm with a client without management’s prior knowledge or consent.
Webb has been employed by Oppenheimer & Co, Inc. since January of 2012.
If you had an account with Jesse Webb that suffered losses, you may be entitled to damages . Call 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.
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