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.
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