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James Fahey Of Wellington Shields & Co. And Formerly With Oppenheimer & Co. Has 4 Customer Complaints For Alleged Broker Misconduct

Who is James Fahey of Wellington Shields & Co.?

James Fahey (CRD #2191811) who is currently registered with Wellington Shields & Co.and located in Locust Valley, New York is a subject of one of our many securities industry sales practice abuse investigations. Prior to Wellington Shields & Co., James Fahey was associated with Oppenheimer & Co. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

James Fahey Customer Complaints

James Fahey has been the subject of 4 customer complaints that we know about. Three of James Fahey’s customers’ complaints were denied and, to date, the customers have not taken any further action. There is currently one pending customer complaint filed against Wellington Shields & Co. and Oppenheimer & Co. for investment losses caused by James Fahey’s alleged misconduct.

Allegations Against James Fahey

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

  • Client alleged that James Fahey made unauthorized trade and misrepresentations concerning auction rate securities. Damages unspecified.
  • Customer alleged unsuitable investment recommendations by James Fahey.
  • The customer alleged James Fahey’s misrepresentation and omission of material facts.
  • The customer alleged unsuitable investment recommendations by James Fahey.

James Fahey Red Flags & Your Rights As An Investor

Of course, James Fahey 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 James Fahey at Wellington Shields & Co. and Oppenheimer & Co. on alert to review carefully the activity and performance of their accounts and question whether James Fahey has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Wellington Shields & Co. and Oppenheimer & Co. 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 Wellington Shields & Co. Due To James Fahey

If you have questions about Wellington Shields & Co., Oppenheimer & Co., and/or James Fahey 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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