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Fred Berens of Oppenheimer & Co. Inc. And Formerly With Wells Fargo Clearing Services, LLC Has 5 Customer Complaints For Alleged Broker Misconduct

Who is Fred Berens of Oppenheimer & Co. Inc.?

Fred Berens (CRD #18877) who is currently registered with Oppenheimer & Co. Inc. and located in Miami, Florida, is a subject of one of many securities industry sales practice abuse investigations.  Prior to Oppenheimer & Co. Inc., Fred Berens was associated with Wells Fargo Clearing Services, LLC and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Fred Berens Customer Complaints

Fred Berens has been the subject of 5 customer complaints that we know about. Two of the customer complaints resulted in an arbitration awards in favor of the investors, one award was in excess of $2.5 million. The other 3 customer complaints were settled in favor of the investors.

Allegations Against Fred Berens

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

  • Unsuitable recommendations to purchase stocks that were the subject of takeovers.
  • Customer alleged that only Bonds were to be purchased that could be put at par a death and that the financial advisor did not follow the instructions.
  • Violation of Fla. Stat. chapter 517, common law fraud, breach of fiduciary duty, negligence, and breach of contract related to exchange traded funds.
  • Unsuitable investment recommendations to trade gold futures contract resulting in the settlement of $800,000.

Fred Berens Red Flags & Your Rights As An Investor

Of course, Fred Berens 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 Fred Berens at Oppenheimer & Co. Inc. and Wells Fargo Clearing Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Fred Berens has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Oppenheimer & Co. Inc. and Wells Fargo Clearing Services, LLC also raises questions about the brokerage firms’ 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. Due To Fred Berens

If you have questions about Oppenheimer & Co. Inc., Wells Fargo Clearing Services, LLC and/or Fred Berens 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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