Gregory Iglow Involved In Oppenheimer Investor Complaint About Unsuitable Advice

Investors apparently complained about securities broker Gregory Baines Iglow [CRD: 2783963, Agoura Hills, California], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Gregory Iglow has worked for Oppenheimer Co. Inc. beginning on June 14, 2007, where he has been registered as both a broker and an investment adviser. Investors should continue reviewing the disclosures below to learn more about the client disputes involving Iglow.

Oppenheimer Investor Accused Iglow Of Negligence

Evidently, a client of Oppenheimer Co. Inc. filed FINRA Arbitration No. 23-00735 regarding Iglow. The client alleged that Iglow was negligent, made unsuitable recommendations, and violated state and federal securities laws by making misrepresentations and omissions. It was alleged that these actions caused losses in municipal bonds tied to senior living projects. On February 12, 2024, Oppenheimer Co. Inc. settled the matter by paying the client $50,000 in damages.

Gregory Iglow Disclosed Misrepresentation And Omissions Allegations By Oppenheimer Client

Also, a client of Oppenheimer Co. Inc. disputed Iglow’s sales practices by filing Civil Action No. BC427035. Allegedly, Iglow made misrepresentations and omissions. It appears that Iglow allegedly caused the client to sustain damages associated with auction rate securities. As a result, Oppenheimer Co. Inc. opted to settle the matter on March 16, 2011, by paying the client $3,164,250.

RBC Capital Markets Corporation And Oppenheimer Co. Inc. Investor Accused Iglow Of Breach Of Fiduciary Duty And Unsuitable Advice

Particularly, an RBC Capital Markets Corporation client filed FINRA Arbitration No. 09-05195 about Gregory Iglow. Mainly, the client alleged that Iglow breached his fiduciary duty, made unsuitable recommendations, was negligent, made misrepresentations, and made omissions. For this reason, the client allegedly sustained damages. Consequently, on May 13, 2010, a FINRA Arbitration Panel issued an Award ordering RBC Capital Markets Corporation and Iglow to pay the client $15,406 in compensatory damages.

Were You Impacted By Financial Advisor / Securities Broker Gregory Iglow?

Did you suffer any investment-related losses because of Gregory Iglow? If so, reach out to Soreide Law Group online or call (888) 760-6552 to speak with a securities attorney about a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, the firm works on a contingency fee basis and advances all costs. Iglow and the brokerage firms he worked for deny allegations of sales practice violations.