Securities Lawyers Blog
According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Michael Puma (Puma), previously associated with Oppenheimer & CO. INC., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Puma concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.
FINRA BrokerCheck shows a settled customer complaint on July 17, 2023.
Claimants assert claims for breach of fiduciary duty, fraud, negligence, breach of contract, unsuitability and churning in connection with use of margin and trading in their accounts. From 2016-2019.