Can I recover losses from investments with former Oppenheimer & Co. Inc. broker Allan Snider (CRD# 429580) who suffered losses due to unsuitable investment recommendations? He was registered with Oppenheimer & Co. Inc. in Saddle Brook, New Jersey from 2011 to 2020.
Allan Snider Customer Complaints
He has been the subject of two customer complaints between 2001 and 2022, one of which was closed without action, according to his CRD report:
January 2022. “Claimant alleged unsuitable investments, breach of fiduciary duty, failure to supervise, breach of contract, misrepresentations, over-concentration, excessive trading and unauthorized trading. Not specified, but account open 2011-2021.” The customer is seeking $400,000 in damages and the case is currently pending. The complaint was regarding exchange traded funds (ETFs), mutual funds, and common and preferred stocks.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Oppenheimer & Co. Inc. may be liable for investment or other losses suffered by Allan Snider’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.