A federal criminal complaint was filed against MICHAEL J. OPPENHEIM (CRD# 3021013), 48 years-old, of Livingston, New Jersey. Oppenheim has been accused of embezzling approximately $20 million of his clients' money for his own personal use. Oppenheim was formerly employed by JPMorgan Chase in New York. He was arrested by the FBI at his home on April 16, 2015.
Allegedly, Oppenheim used his clients' money to make unprofitable options trades, paid his mortgage on his own personal home, and placed clients' money into three online brokerage accounts he opened for himself or his wife at other firms. The federal complaint said that Oppenheim profited from concealing his clients' funds and benefited personally from profits gained.
MICHAEL J. OPPENHEIM (CRD# 3021013) was employed with the following firms according to FINRA's BrokerCheck:
10/2012 - 04/2015 J.P. MORGAN SECURITIES LLC (CRD# 79) - NEW YORK, NY
05/2004 - 10/2012 CHASE INVESTMENT SERVICES CORP. (CRD# 25574) - NEW YORK, NY
02/2004 - 05/2004 WACHOVIA SECURITIES, LLC (CRD# 19616) - ST. LOUIS, MO
02/2002 - 02/2004 CHASE INVESTMENT SERVICES CORP. (CRD# 25574) - CHICAGO, IL
05/1999 - 07/2001 PRUDENTIAL SECURITIES INCORPORATED (CRD# 7471) - NEW YORK, NY
04/1998 - 05/1999 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (CRD# 7691) - NEW YORK, NY
The Soreide Law Group represents clients nationwide before FINRA. If you or a family member have experienced losses through your broker or financial advisor, call a Securities Arbitration Lawyer at Soreide Law Group for a consultation at no cost on how to potentially recover your losses: 888-760-6552.
In a recent article from Financial Advisor they state that the customers of Kestra have filed a complaint against the broker/dealer with the Financial Industry Regulatory Authority’s (FINRA) arbitration service. The article states that the customers allege that one of Kestra’s representatives led them to a volatile and unsuitable exchange-traded product. Additionally, they allege he […]
Investors potentially incurred losses because of securities broker Diego Soares Bacellar [CRD: 6808326, Miami, Florida], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Diego Bacellar worked for Northwestern Mutual Investment Services LLC from April 8, 2019, to May 1, 2026. Investors are encouraged to continue reading to discover more about the disclosures involving […]
Investors apparently complained about securities broker Mark Allen Herding [CRD: 2239357, Phoenix, Arizona], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Herding worked for Cambridge Investment Research Inc. from October 19, 2012, to February 14, 2018, and Cambridge Investment Research Advisors Inc. from November 15, 2012, to February 14, 2018. Since January 31, […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com