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Meyer Wilson Investigates Allegations Against Former Oppenheimer Broker Charles A. Laverty

Meyer Wilson InvestigatesMeyer Wilson is currently investigating allegations against Charles A. Laverty (CRD# 4875386), a former registered representative with Oppenheimer & Co. Inc. and UBS Financial Services Inc. Laverty signed and accepted FINRA’s Letter of Acceptance, Waiver and Consent (AWC) consenting to an 18-month suspension from association with a FINRA member and a $5,000 fine.

Laverty was accused by FINRA of borrowing a substantial amount of money from his brokerage firm customers and not fully paying it back. Both UBS and Oppenheimer prohibit customer loans such as those allegedly borrowed by Laverty. Furthermore, the claim states that Laverty did not notify either firm, nor did he obtain approval for the loans. This is in violation of NASD Rule 2370 and FINRA Rules 3240 and 2010. By falsely denying the loans and not updating his information on his Form U4, Laverty was in violation of FINRA Rule 2010.

If you lost money while investing with former Oppenheimer broker Charles A. Laverty, we may be able to help. Our securities fraud lawyers at Meyer Wilson can listen to the details of your case and determine if you have claim. Call today for your free case evaluation.

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