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Benjamin Aibel Faces Pending Complaints

Benjamin AibelNew York-based Wunderlich broker Benjamin Aibel is the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Aibel (CRD# 1994).

Benjamin Aibel has spent 47 years in the securities industry and was most recently registered with Wunderlich Securities in New York, New York. He was previously registered with Sanders Morris Harris in New York, New York; Oppenheimer & Company in New York, New York; Advest in Hartford, Connecticut; Salomon Smith Barney in New York, New York; and four other broker-dealers since 1968. He is currently not registered with any state or firm.

According to his BrokerCheck report, Benjamin Aibel is the subject of four customer complaints and two pending customer complaints.

In December 2015 a customer alleged Benjamin Aibel, while employed at Wunderlich Securities, recommended unsuitable investments, provided poor performance, and “would not listen to her.” The customer is seeking unspecified damages in the pending complaint.

In October 2015 a customer alleged Benjamin Aibel, while employed at Wunderlich Securities, made unsuitable recommendations, executed unauthorized trades, breached his fiduciary duty, and acted negligently. The customer is seeking $600,000 in damages in the pending complaint.

In 2002 a customer alleged Aibel, while registered with Salomon Smith Barney, misrepresented a bond. The complaint settled for $57,040.

Additionally in 2002 a customer alleged Benjamin Aibel, while registered with Salomon Smith Barney, misrepresented a bond. The complaint settled for $58,900.

Also in 2002 a customer alleged Aibel, while employed at Salomon Smith Barney, misrepresented a bond. The complaint settled for $46,500.

Again in 2002 a customer alleged Benjamin Aibel, while employed at Salomon Smith Barney, engaged in churning and made unsuitable recommendations. The complaint settled for $82,500.

If you have lost money investing with Benjamin Aibel, you may be able to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds.  Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.

This information based on publicly available information provided by FINRA on March 28, 2016.