Erez Law is interested in speaking with investors who may have suffered losses due to investments with Oppenheimer & Co. Inc. broker Anthony Manougian (CRD# 2293270) regarding unsuitable recommendations, churning, and unauthorized trading that caused investment losses. He has been registered with Oppenheimer & Co. Inc. in Melville, New York since 2012. Previously, he was registered with Morgan Stanley in Melville, New York from 2009 to 2012.
Anthony Manougian Customer Complaints
He has been the subject of three customer complaints between 2000 and 2022, two of which were denied, according to his CRD report. The most recent complaint was regarding:
June 2022. “Claimant alleges the following claims: Breach of Fiduciary Duty and Breach of Duty arising under FINRA Rules; Breach of Contract; Conversion/Money Had and Received; Fraud and Misrepresentation; Unjust Enrichment; Accounting; Suitability, Churning and Unauthorized Trading. May 2012-December 2012 (at Morgan Stanley) December 2012-May 2022 (at Oppenheimer).” The customer is seeking $3,500,000 in damages and the case is currently pending. The complaint was regarding managed/wrap accounts and it took place while he was registered with Morgan Stanley.
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 Anthony Manougian’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.
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