Were you a victim of former Oppenheimer & Co. Inc. financial advisor Leslie Flaum (CRD# 1369557) regarding unsuitable recommendations and other securities violations? Flaum was registered with Oppenheimer & Co. Inc. in Melville, New York from 1994 to August 2017. Flaum is not currently registered with any brokerage firm.
Flaum has been the subject of two customer complaints in 2017, according to his CRD report:
- November 2017. “In his capacity as a supervisor of claimant’s broker, claimant alleges a failure to supervise broker who allegedly made unsuitable recommendations, churned her account and breached his fiduciary duty. From 2010 to 2015.” The customer is seeking $1,108,156 in damages and the case is currently pending.
- March 2017. “Failure to supervise. From 12/2010 to 12/20/2016.” The customer is seeking $2,000,000 in damages and the case is currently pending.
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 Flaum’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.