Were you the victim of Oppenheimer & Co. Inc. broker Adam Jacobs (CRD# 4990788)? He has been registered with Oppenheimer & Co. Inc. in Beachwood, Ohio, since 2009.
Adam Jacobs Customer Complaints
He has been the subject of two customer complaints between 2023 and 2024, according to his CRD report:
April 2024. “Claimants allege they suffered losses in a private placement investment and allege claims for negligence, breach of fiduciary duty, breach of contract, and violations of state securities laws. From 7/2018 – 3/2024.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was regarding private securities investment losses, and it took place while he was registered with Oppenheimer & Co. Inc.
June 2023. “Claimant alleges he suffered losses because of unsuitable investments and alleges claims for breach of fiduciary duty, unauthorized trading, failure to act in claimant’s best interest, negligence, state securities law violations and breach of contract. From 2020 to Present.” The customer is seeking $300,000 in damages, and the case is currently pending. The complaint was regarding options investment losses, and it took place while he was registered with Oppenheimer & Co. Inc.
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 Adam Jacobs’ 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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