Former Oppenheimer Broker Leslie Flaum Faces Allegations of Failing to Supervise the Sale of Investments to Customers
Leslie Flaum faces two pending Financial Industry Regulatory Authority (FINRA) arbitrations filed by customers alleging that he failed to meet his supervisory obligations, resulting in the sale of unsuitable investments to customers.
According to FINRA, Flaum was registered with Oppenheimer & Company based in Melville, New York from 1994 to 2017.
According to his FINRA BrokerCheck report, the disputes allegations range in time from 2010 to 2016. One arbitration alleges that Flaum failed to supervise a broker who sold unsuitable investments and churned the customer's account. The amount of claimed damages is over $1 million. The other arbitration, filed in In the March 2017, also alleges that Flaum failed to properly supervise the sale of closed-end funds. The damages alleged in that case are $2 million.
If you lost money investing with Leslie Flaum, our investment fraud lawyers at Meyer Wilson are ready to help. Call us at one of our offices located around the United States, or let us know about the details of your case through our online form and set up a free consultation today.
- Meyer Wilson Investigating Potential Investment Misconduct Claims Involving Financial Advisor David Howard Fagenson
- Raymond James Broker Thomas Whitmeyer O'Brien Is the Subject of a Customer Complaint
- Meyer Wilson Law Firm Investigating Alleged Misconduct by Now-Former Merrill Lynch Financial Advisor John M. James