churning | Law Firm Newswire

New York, NY (Law Firm Newswire) June 15, 2014 – Zamansky LLC has filed a FINRA arbitration on behalf of an elderly investor against Oppenheimer & Co. Inc. (“Oppenheimer”) who claims that her accounts were churned by her financial advisor. The case is FINRA TN 1400862. The Statement of Claim in the arbitration alleges that the claimant, who is an 85 year-old investor, had her and her late husband’s accounts churned and excessively traded by their financial advisor at Oppenheimer. Although they needed to preserve their money, the Statement of Claim alleges that the Oppenheimer financial advisor concentrated their accounts […]


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New York, NY (Law Firm Newswire) June 11, 2014 – Zamansky LLC announces that it is investigating independent broker-dealer firms for churning, unsuitable investments and other sales practice violations. According to Jacob Zamansky, stock fraud attorney for over 25 years, as the stock market has reached new highs, financial advisors have been under pressure to keep up. Our firm has seen incidents of churning by financial advisors and sales of riskier and more speculative investments than investors want, Zamansky states. Zamansky states that financial advisors at the smaller, independent brokerage firms may be in a position of trust where they […]


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