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Supervisory failure leads to $500K fine by FINRA: An insight into Oppenheimer & Co. Case

In a wake up call for broker-dealers, the Financial Industry Regulatory Authority (FINRA) has slapped a whopping fine of $500,000 on Oppenheimer & Co. for failing to properly supervise certain trades. As reported, Oppenheimer's brokers are under target for directly placing trades with fund companies on behalf of customers without requisite inspection bringing the supervisory under scanner for lapses in framework.  Let’s look at the case and try to understand the situation at hand, the importance of supervision in brokerage firms, and why consulting a securities fraud lawyer is essential to safeguard your interests in such a case.  The Oppenheimer & Co. Case(FINRA): An Overview It all happened between January 2011 and December 2015 when Oppenheimer and Co., a big bull in the New York broker-dealer segment, processed around $753 million in early rollovers of UIT transactions out of the total $6.4 Billion.  FINRA, which is a not-for-profit organization working towards ensuring investor protection and market integrity, identified lapses in [...]

By |July 3rd, 2024|Legal Matters, Blog, FINRA, investment fraud lawyer|
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New York City

Got Confused by Investment Issues? Ask a New York Investment Fraud Lawyer for Help State and federal laws are made to make certain that those who help with investments, like stockbrokers and companies, provide the right facts to traders. But sometimes, fraud occurs, and people lose numerous money because of it. If this has occurred to you, a lawyer who is aware of funding fraud in New York can help you. At The Frankowski Firm, our lawyers have helped plenty of people get back over two hundred million from fraud. We know how to rise up to be a huge  New York investment fraud lawyer and help you too. If you have misplaced cash from a horrific funding, speak to us without spending a dime to see if we can help you get it lower back. Securities Fraud: What Is It? Securities fraud is when someone tricks an investor into shopping for or promoting [...]

By |May 17th, 2018|
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Investment Issues

Investment Fraud Lawyers Advising Clients on Investment Negligence and Fraud Issues Strong counsel when brokers, advisors and investments firms cause devastating financial injury Investors can be wronged in many different ways. Often, the investor should have been advised of more suitable investments for their needs before they purchased the products. The investment fraud lawyers at The Frankowski Firm have years of experience advocating on behalf of clients whose brokers, advisors and investment firms mismanaged their investments and failed to adequately advise them of potential pitfalls. What are the types of investment issues that lead to negligence or fraud? Some of the claims our investment negligence lawyers handle involve: Mutual funds. Mutual funds can be sold to the general public, and as such must be registered with the SEC. They are less predictable than some other purchases, so they should be overseen by a board of directors or trustees, and should be managed by registered investment advisors. Closed end funds [...]

By |October 18th, 2016|
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The recoveries, verdicts, favorable outcomes, and testimonials described on this site are not an indication of future results. Every case is different, and regardless of what friends, family, or other individuals may say about what a case is worth, each case must be evaluated on its own facts and circumstances as they apply to the law. The valuation of a case depends on facts, the damages, the jurisdiction, the venue, the witnesses, the parties, and the testimony, among many other factors. No representation is made that the quality of the legal services performed is greater than the quality of the legal services performed by other lawyers.

Disclaimer: Mr. Frankowski is licensed in Alabama,Florida and Texas. He is not licensed in any other state including Nevada and California. Mr. Frankowski has represented investors from all over the country in securities cases including: Alabama, California, Colorado, Florida, Georgia, Illinois, Kentucky, Louisiana, Mississippi, Nevada, New Mexico New York, North Carolina, Tennessee, Texas.