What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: December 8, 2016

Did you lose money with Oppenheimer & Co.? If so, the attorneys at Stoltmann Law Offices may be able to help you recover those losses in the Financial Industry Regulatory Authority (FINRA) arbitration forum. Oppenheimer has been under scrutiny lately, after being fined $1.575 million and ordered to pay $1.85 million to customers by FINRA for violating FINRA rules, including failing to report more than 350 required filings. Among these required filings are disciplinary actions against its employees and settlements of securities-related arbitration and litigation claims. Additionally, FINRA found that the firm failed to produce relevant documents during discovery to seven arbitration claimants. Subsequently, FINRA ordered Oppenheimer to provide the relevant documents to those claimants and fined the firm $700,000. Oppenheimer allegedly also failed to reasonably supervise the sales charge waivers in eligible mutual fund sales. Because of this, FINRA ordered Oppenheimer to pay eligible customers $1.14 million in remediation. If you suffered losses with Oppenheimer, please call our Chicago-based securities law firm today to speak to one of our attorneys about your options of suing Oppenheimer on a contingency fee basis.

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If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

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