Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on April 20, 2016 indicate that Washington, DC-based Oppenheimer & Company broker/adviser Scott Shulman 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. Shulman (CRD# 1091024).
Scott Shulman has spent 33 years in the securities industry and has been registered with Oppenheimer & Company in Washington, DC since 2011. Previous registrations include RBC Capital Markets in Rockville, Maryland; Ferris Baker Watts in Rockville, Maryland; Prudential Securities in New York, New York; Smith Barney Harris Upham & Company; Laidlaw Adams Peck; and Koonce Securities. He is a registered broker and investment adviser in 19 US states and territories.
According to his BrokerCheck report, Scott Shulman is the subject of six customer complaints and one regulatory sanction.
In 2013, FINRA sanctioned Scott Shulman following allegations that he placed discretionary transactions without written authorization from his customers or approval from his member firm at the time, RBC Capital Markets. He was issued a 10-day suspension and a fine of $10,000.
In 2011, Scott Shulman was discharged from his position at RBC Capital Markets following allegations that he violated firm procedure with respect to discretionary trading.
In 1999, three separate customers alleged that Scott Shulman, while employed at Prudential Securities, inappropriately managed their accounts and executed inappropriate trades. The complaints settled in 2000 for more than $158,300 each.
In 1997, a customer alleged that Scott Shulman, while employed at Prudential-Bache Securities, misrepresented material facts, executed unauthorized trades, breached his fiduciary duty, and engaged in churning. The complaint settled in 1998 for $45,000.
In 1995, a customer alleged that Scott Shulman, while employed at Prudential Securities, breached his fiduciary duty, acted negligently, made an unsuitable investment recommendation, misrepresented material facts, and executed excessive trades. The complaint resulted in an award to the customer of $310,000.
If you have lost money investing with Scott Shulman, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency; Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.