Did Arthur Obermeier Cause You Investment Losses?
Arthur Obermeier of Boulder, Colorado submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) in which he was assessed a fine of $5,000, suspended from association with any FINRA member in all capacities for a period of 60 days. The sanctions were based on findings that Obermeier allegedly engaged in unauthorized trading in violation of FINRA Rule 2010. The suspension was in effect from January 19, 2021, through March 19, 2021.
In June 2002, Arthur Obermeier joined LPL Financial LLC while registered as a General Securities Representative and Registered Options Principal. The firm later filed a Uniform Termination Notice (Form U5), disclosing that he had been terminated due to his alleged unauthorized trading. According to FINRA’s findings, Obermeier allegedly executed six trades in two customers’ accounts of approximately $798,000. The findings state that Obermeier had not discussed or obtained approval from the customers or his firm before placing the trades in the accounts. Although Arthur Obermeier is not currently associated with a FINRA member firm, he remains subject to FINRA’s jurisdiction.
Do You Need a Colorado FINRA Securities Arbitration Attorney?
FINRA Rule 2010 requires associated persons to observe high standards of commercial honor and just and equitable principles of trade. Unauthorized trading, which occurs when a registered representative executes trades in a customer’s account without first obtaining the customer’s authorization or consent, violates FINRA Rule 2010.
Are you a Boulder, Colorado investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Colorado stockbroker or investment advisor misrepresent facts, fail to disclose facts making the statements made false and misleading, recommend unsuitable investments or strategies, excessively trade or churn, mismanage your investment account or engage in other kinds of stockbroker misconduct? If so, you need representation by an experienced, highly-rated and nationally recognized FINRA securities arbitration attorney—a lawyer who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases as well as other complex legal issues.
Free Initial Consultation With Experienced FINRA Securities Arbitration Lawyers Serving Boulder, Colorado Residents In FINRA Arbitration Proceedings
At The Law Offices of Robert Wayne Pearce, P.A. we represent investors in all kinds of securities, commodities and investment law disputes in FINRA, AAA and JAMS arbitration and mediation proceedings. Attorney Pearce and his staff represent investors throughout Colorado, and across the United States on a CONTINGENCY FEE basis which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award.
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For dedicated representation by Attorney Pearce with over 40 years of experience and success in all kinds of securities, commodities and investment law disputes serving Colorado citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.