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Joseph Olheiser -Cabot Lodge Securities Broker- Discloses Regulatory Event and a Termination From Employment- Mountain View, CA

Joseph Olheiser -Cabot Lodge Securities Broker- Discloses Regulatory Event and a Termination From Employment- Mountain View, CA 150 150 ER

August 2021 -Mountain View, CA

According to publicly recorded records, Joseph D. Olheiser,  a financial advisor currenlty employed by Cabot Lodge Securities,  discloses a regulatory event, a bankruptcy 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 November of 2020 after FINRA case#2019062873001 was filed, without admitting or denying the findings, Olheiser consented to the sanctions and to the entry of findings that he caused his member firm to violate the SEC’s Regulation S-P: Privacy of Consumer Financial Information and Safeguarding Personal Information by improperly removing nonpublic personal customer information from his firm without the customer’s knowledge or consent.   The findings stated that in anticipation of joining another member firm, Olheiser improperly removed from his firm his customers’ nonpublic information in order to open accounts at the other firm.   Olheiser faxed detailed information such as account numbers, account objectives, investment time horizons, risk tolerances and account balances.   He improperly possessed this information after leaving the firm.  Olheiser received sanctions of a 10 business day suspension from FINRA and a $5,000 fine levied against him personally.

In May of 2019, Olheiser was discharged from Raymond James for improperly sharing customer information from prior employer.

In November of 2020 Olheiser filed for personal bankruptcy, case #20-25169, Chapter 13, in Eastern District of California in Sacramento, CA.

Olheiser has been employed by Cabot Lodge Wealth Management since October of 2019.  He was previously employed by Raymond James Financial Services Advisor from 2/2019-8/2019.He is also currently registered as an investment advisor with CL Wealth Management in Mountain View, CA.

If you have losses in an account handled by Joseph Olheiser, call to learn how you may be able to recover damages through FINRA arbitration.

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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Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

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