Former Oppenheimer & Co. Inc. broker Michael Greenfield (CRD# 5406611) is accused of negligence. He has been registered with Great Point Capital LLC in Chicago, Illinois, from 2023 to 2024, Newbridge Securities Corporation in Boca Raton, Florida, from 2017 to 2023, and Oppenheimer & Co. Inc. in Boca Raton, Florida, from 2013 to 2016.
Michael Greenfield Customer Complaints
He has been the subject of six customer complaints between 2016 and 2023, according to his CRD report:
October 2023. “Claimants, who were never customers of Newbridge Securities Corporation, allege that RR Michael Greenfield agreed to procure a credit facility for claimants’ real estate projects in 2021-21, but failed to do so. Claimants allege that Newbridge failed to supervise Greenfield and is vicariously liable for Greenfield’s alleged actions. The alleged conduct of Greenfield had nothing to do with Newbridge or its securities business.” The customer is seeking $33,333,333.33 in damages, and the case is currently pending.
September 2022. “Breach of contract, negligence, breach of fiduciary duty, fraud and vicarious liability.” The case was settled for $48,000. The complaint was regarding alternative investments, and it took place while he was registered with Newbridge Securities Corporation.
January 2020. “Claimant asserts claims of negligence, negligent supervision, breach of contract, breach of fiduciary duty and violation of FINRA rules relating to purchase of a master limited partnership. time period – 10/27/2014 to 9/30/2016.” The customer sought $100,000 in damages, and the case was settled for $37,500. The complaint was regarding mutual funds and oil and gas investments, and it took place while he was registered with Foreside Fund Services LLC, and Oppenheimer & Co. Inc.
January 2020. “Claimants assert claims of negligence, negligent supervision, breach of contract and violation of FINRA rules relating to purchases of two master limited partnerships and Puerto Rico bonds. time period – 11/1/2013 to 7/30/2016.” The customer sought $100,000 in damages, and the case was settled for $18,750. The complaint was regarding oil and gas investments, and it took place while he was registered with Foreside Fund Services LLC, and Oppenheimer & Co. Inc.
January 2019. “Claimant asserts claims of negligence, negligent supervision, breach of contract and breach of fiduciary duty relating to purchase of master limited partnerships from 1/1/2014 to unspecified.” The customer sought $200,000 in damages, and the case was settled for $75,000. The complaint was regarding oil and gas investments, and it took place while he was registered with Foreside Fund Services LLC, and Oppenheimer & Co. Inc.
December 2016. “Client alleges security was misrepresented to him, no time period specified, but security purchased during November 2014.” The case was settled for $10,000. The complaint was regarding mutual fund 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 Michael Greenfield’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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