Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on December 12, 2016 indicate that Oppenheimer & Company broker/adviser Randy Moshtael has been the subject of a customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Moshtael (CRD# 1036474).
Randy Moshtael has spent 33 years in the securities industry and has been registered with Oppenheimer & Company in Los Angeles, California since 2003. Previous registrations include Morgan Stanley DW in Purchase, New York; Salomon Smith Barney in New York, New York; Lehman Brothers in New York, New York; Shearson Pacific; and EF Hutton & Company. He is a registered broker and investment adviser with six US states and territories: California, Colorado, Connecticut, New York, Oregon and Texas.
According to his BrokerCheck report, Randy Moshtael has received one customer complaint and resigned from one former employer.
In June 2015 a customer alleged Randy Moshtael, while employed at Oppenheimer & Company, “made excessive, unauthorized and unsuitable futures trades in his account.” The complaint settled in July 2016 for $97,500.
In 2002 Randy Moshtael was “permitted to resign” from his position at Smith Barney following allegations he gave money to a client.
According to FINRA rules and federal securities law, financial professionals like Randy Moshtael are prohibited from executing transactions without a customer’s permission or authorization. There are some exceptions, including discretionary accounts and, in some circumstances, margin accounts. Brokers, investment advisers, and broker-dealer firms who effect unauthorized trades may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have lost money investing with Randy Moshtael, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recoup your losses. All cases are taken on contingency, which means Fitapelli Kurta only get paid if and when you collect money. 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.