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Jose Ferrari Of Oppenheimer & Co. And Formerly With Popular Securities Has 8 Customer Complaints For Alleged Broker Misconduct

Who is Jose Ferrari of Oppenheimer & Co.?

Jose Ferrari (CRD #4058515) who is currently registered with Oppenheimer & Co. and located in Fort Lauderdale, Florida is a subject of one of our many securities industry sales practice abuse investigations. Prior to Oppenheimer & Co., Jose Ferrari was associated with Popular Securities and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Jose Ferrari Customer Complaints

Jose Ferrari has been the subject of 8 customer complaints that we know about. Five of Jose Ferrari’s 8 customer complaints were settled in favor of investors. There are currently three pending customer complaints filed against Popular Securities for investment losses caused by Jose Ferrari’s alleged misconduct.

Allegations Against Jose Ferrari

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

  • Claimant alleged that Jose Ferrari’s investment recommendations to purchase and to hold P.R. securities were unsuitable in light of the clients’ risk profile causing losses.
  • Claimant alleged that Jose Ferrari’s investment recommendations to purchase and to hold P.R. securities were unsuitable in light of the clients’ risk tolerance. Claimants also allege that recommendations made by the Financial Consultant were particularly egregious in light of Puerto Rico’s well known deteriorating financial condition.
  • Client alleged that investment recommendations by Jose Ferrari to purchase and to hold P.R. Government bonds resulted in an over concentrated and high risk portfolio, which were unsuitable positions in light of the client’s risk tolerance and wish to preserve his capital. Claimants also alleged that financial consultant made false and misleading representations regarding the products risks. Claimant also states that the financial consultant recommended a margin account unsuitable for the claimant.
  • Customer alleged Jose Ferrari’s unauthorized trades in mutual funds. Oriental cancelled trades with no loss to the customer.

Jose Ferrari Red Flags & Your Rights As An Investor

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

If you have questions about Oppenheimer & Co., Popular Securities, and/or Jose Ferrari 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.

Author Photo

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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