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WINNING ARBITRATION AGAINST OPPENHEIMER

WINNING ARBITRATION AGAINST OPPENHEIMER

In August, 2011, Diane Nygaard arbitrated and won a case against Oppenheimer Securities for an investor who had a realized loss of $187,000 on speculative securities that his Oppenheimer broker sold to him as “safe and liquid” investments. The panel awarded the investor the amount of his losses, attorneys’ fees, expert witness fees, and interest from February 2008 to the present as follows:

  • Ordered Oppenheimer to pay the Claimant $187,500 for realized losses.
  • Ordered Oppenheimer to pay the Claimant $40,000 for attorneys’ fees.
  • Ordered Oppenheimer to pay $63,000 in interest pursuant to the Nebraska Securities Act.

Click here to read the entire Award.