Tag Archives: Oppenheimer & Co. problem

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

Royce Simpson-Former Oppenheimer Broker-Discloses Settlement of Customer Disputes-Houston, TX

Houston, Texas

AUGUST 2017 UPDATE-FINRA case 15-2841,-The Board of County Commissioners of the County of Bernalillo New Mexico,   sought damages of $17 million  From Royce Simpson, Oppenheimer & Co. BOSC, Inc. and Thomas Wayne Hayes for an alleged over-concentration of long term Fannie Mae and other GSE bonds . In July 2017  Oppenheimer settled the claim against Oppenheimer and Simpson for $500,000.

The arbitration proceeded against BOSC and Hayes and in July 2017 the panel, sitting in Albuquerque, denied Bernalillo County’s claim and ordered the county to pay Bosc and Hayes attorneys’ fees of over $285,000 and costs of about $75,000.

ORIGINAL POST JUNE 2016-According to FINRA records Royce O. Simpson  formerly a stockbroker who most recently worked for Oppenheimer & Co.   discloses  two customer disputes that have been finalized,  a pending regulatory investigation and a regulatory investigation that has been finalized.

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.

Simpson’s FINRA record discloses that a FINRA investigation finalized in November 2015 resulted in an eight month suspension and a fine of $15,000 to resolve allegations that Simpson loaned money to a gold mining operation in Ghana, Africa, after his firm had denied his request to participate in the outside business activity.

In addition, FINRA found that Simpson failed to timely respond to requests for information and documents in connection with an investigation into Simpson’s relationship with certain officials of Bernalilllo County, New Mexico. FINRA Case#2013039492903.

Simpson’s prior employment includes UBS Financial Services, J.C. Bradford & Co. , Everen Securities and PaineWebber.

The New Mexico Securities Division has instituted Case 13-03-0028 seeking  sanctions against Simpson for alleged unsuitable recommendations in long term U.S. agency bonds. That matter is still pending.

In a complaint brought by a customer of UBS Financial Services in 2011, a client alleged damages of $659,458 for overcharges for certain bond transactions. That matter was settled in 2011 for $659,458.

In another case brought in Contra Costa County, CA, in 1994, a Paine Webber customer alleged purchases of government securities exceeded maturity limitations imposed by California law. That claim was settled for $1,177,000.

If you have questions about an account handled by Royce O. Simpson, 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Gabriel Block Barred From Securities Industry-Oppenheimer & Co.-Red Bank, NJ

MAY 2019 UPDATEGabriel Block found guilty of unethical and dishonest practices, fined $750,000 by NJ regulators and barred from securities industry by FINRA. See this for details. 

May 2016- Red Bank, NJ

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.

According to FINRA records,  Gabriel Block discloses two pending  customer disputes :

  • FINRA Case 15-1551- a customer while Block was registered with Oppenheimer & Co. alleges churning, unsuitability, breach of fiduciary duty in connection with the handling of family accounts. Damages are alleged to be $800,000.
  • FINRA Case 15-1550-a customer while Block was registered with Oppenheimer & Co. alleges churning, unsuitability, breach of fiduciary duty in connection with the customer’s account. Damages are alleged to be $100,000.

Block’s FINRA record discloses two prior customer disputes that have been resolved including one in which a customer alleged mismanagement of investments between 9/2005-12//2008, while Block was registered with Janney Montgomery Scott. That case was settled for $375,000.

According to FINRA records, Block  has been registered with First Standard Financial  since 3/2016. He was registered with National Securities Corporation from 3/2014-4/2016 and with Oppenheimer from 11/2008-3/2014.

If you have losses in an account handled by Gabriel Block contact us 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870