There are options for clients of Oppenheimer & Co. Inc. broker Michael Rosenmayer (CRD# 2352488), who suffered investment losses. He has been registered with Oppenheimer & Co. Inc. in Los Angeles, California, since 2007.
Michael Rosenmayer Customer Complaints
He has been the subject of 23 customer complaints between 2000 and 2023, seven of which were denied, one of which was withdrawn, and two were closed without action, according to his CRD report. The most recent complaints were regarding:
May 2023. “Claimant alleges he suffered losses as of unsuitable investments and alleges claims for violations of state securities laws, negligence, unsuitability, fraud, breach of fiduciary duty and breach of contract in connection with Claimant’s purchases of bonds. 09/2018 – PRESENT.” The customer is seeking $3,000,000 in damages, and the case is currently pending. The complaint was regarding municipal debt and private placement investment losses, and it took place while he was registered with Oppenheimer & Co. Inc.
March 2023. “Claimants allege Negligence/Unsuitability, Violations of California Securities Law, Violations of FINRA Rules & Federal Securities Laws, Breach of Contract, Negligent Supervision, Respondent Superior, and Breach of Contract based on misrepresentations and omissions in connection with purchases of Capital Trust Agency Florida Senior Living Bonds in 2019 and 2020.” The customer is seeking $231,826 in damages, and the case is currently pending. The complaint was regarding municipal debt investment losses, and it took place while he was registered with Oppenheimer & Co. Inc.
May 2018. “Trustee alleges that an unsuitable investment was made in the account during January 2018.” The case is currently pending. The complaint was regarding municipal debt.
May 2016. “Unsuitable recommendations, negligence, breach of contract, failure to supervise.” The customer sought $430,000 in damages, and the case was settled for $37,500.
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 Rosenmayer’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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