Meyer 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.