Abraham Heimann, a former registered broker with Oppenheimer & Co. and Cetera Advisors. Heimann has been accused of trading a 93 year-old veteran’s account without authorization even when the client was hospitalized for a period of time due to complications with Parkinson’s disease. According to public records the client’s portfolio was concentrated in the energy sector, including Miller Energy, which, in 2015, filed for bankruptcy. Additionally, most of the client’s portfolio was concentrated in investments in Seadrill, FX Energy and other investments. A broker is required to take into account an investor’s age, net worth and investment objectives among other factors before recommending or selling a security. Call us today at 312-332-4200 for a no-obligation, free consultation to determine if you qualify to reclaim your investment losses in the FINRA arbitration forum.
According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck, Heimann was registered with Oppenheimer & Co. from April 1985 until November 1986, Oppenheimer in Atlanta, Georgia from January 2002 until July 2013 and Cetera Advisors in Alpharetta, Georgia from June 2013 until February 2016. He is currently not registered within the industry. He has one pending customer dispute against him, which alleges unsuitability, unauthorized trading, negligence, breach of fiduciary duty, breach of contract and misrepresentation in connection with maintenance of an account at Oppenheimer.
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.