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David Wayne Krumrey formerly with Oppenheimer & Co. Inc. Has 6 Customer Complaints For Alleged Broker Misconduct

Who is David W. Krumrey formerly with Oppenheimer & Co. Inc.?

David Krumrey (CRD #4121845) who was formerly registered with Oppenheimer & Co. Inc. and located in The Woodlands, Texas is a subject of one of our many securities industry sales practice abuse investigations. Prior to Oppenheimer & Co. Inc., David Krumrey was associated with 2 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

In August 2017, Oppenheimer & Co. terminated him for allegedly attempting to settle a complaint away from the firm.

Thereafter, David Krumrey also had regulatory problems. In January 2018, he was suspended for failure to respond to a FINRA request for information in connection with an investigation. Three months later he was permanently barred from association with any FINRA member firm in any capacity in the future.

Oppenheimer & Co. Inc. Broker Misconduct

In his career, David Krumrey has been the subject of 6 customer complaints that we know about, two of those complaints were filed in the last 2 years to recover investment losses. One customer complaint was resolved during arbitration with an award in favor of the investor for an amount in excess of $250,000. Four of David Krumrey’s 6 customer complaints were settled in favor of investors. There is currently one pending customer complaint filed against David Krumrey’s former employer Oppenheimer & Co. Inc. for investment losses caused by his alleged misconduct.

Allegations Against David Krumrey

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • David Krumrey was the subject of a customer complaint against Oppenheimer & Co. that asserted he breached his fiduciary duties, committed negligence, and violated the Louisiana securities laws.
  • Claimant asserted that David Krumrey made unsuitable investment recommendations and breach of his fiduciary duties and violated state securities laws.
  • Claimant alleged negligence, breach of fiduciary duty, and breach of contract related to certain energy related investments.
  • Client alleges that David Krumrey in unauthorized transactions in his account.
  • Claimants allege that David Krumrey breached his fiduciary duty, and committed negligence in connection with the management of their accounts.

David Krumrey Red Flags & Your Rights As An Investor

Of course, David Krumrey did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of David Krumrey at Oppenheimer & Co. Inc. on alert to review carefully the activity and performance of their accounts and question whether David Krumrey has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Oppenheimer & Co. Inc. about David Krumrey also raises questions about supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Oppenheimer & Co. Inc.

If you have questions about Oppenheimer & Co. Inc. and/or David Krumrey and the management or performance of your accounts please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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