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Oppenheimer & Company Ordered to Pay $250,000 Award in Customer Arbitration

Oppenheimer & Company

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on January 18, 2019 indicate that New York-based broker-dealer Oppenheimer & Company was recently found liable for and ordered to pay an award of more than $250,000 in arbitration proceedings with a customer. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Oppenheimer & Company (CRD# 249).

Established in New York in 1954, Oppenheimer & Company is headquartered in New York, New York and registered with 52 US states and territories. According to the firm’s BrokerCheck report, it has been the subject of 92 regulatory events and 172 customer complaints that evolved into arbitration.

The complaint in question was initiated in March 2018. The customer alleged Oppenheimer & Company breached its fiduciary duty, churned investments, committed fraud, misrepresented and omitted material facts, recommended unsuitable common stock and other investments, executed unauthorized trades, violated blue sky laws, failed in its supervisory duties, and acted negligently. The complaint resulted in an award to the customer of more than $250,400.

In February 2017 a customer alleged Oppenheimer & Company breached its fiduciary duty, breached contract, and acted negligently in connection to investments in common stock and options. The complaint resulted in an award to the customer in February 2018 of $300,300.

In 2016 a customer alleged Oppenheimer & Company breached its fiduciary duty, misrepresented material facts, recommended unsuitable securities, executed unauthorized trades, failed in its supervisory duties, and acted negligently in connection to investments in exchange-traded funds, options, structured products and other securities. The complaint resulted in an award to the customer of $800,000.

In 2016 a customer alleged the firm breached its fiduciary duty, committed fraud, made misrepresentations and omissions of material facts, recommended unsuitable products, acted negligently, and failed in its supervisory duties. The complaint resulted in an award to the customer of more than $822,100.

In 2014 a customer alleged the firm misrepresented and omitted material facts, breached its fiduciary duty, and failed in its supervisory duties. The complaint resulted in an award to the customer of more than $915,600.

If you or someone you know has a complaint regarding Oppenheimer & Company, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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