Call Now For a Free Consultation:
(614) 502-6165

How to Get Your Money Back if You Invested With Michael Oppenheim

Last week, we reported that former JP Morgan Broker Michael Oppenheim of New York had been charged with stealing $20 million from his clients. According to the U.S. Securities and Exchange Commission, Oppenheim (CRD# 3021013) maintained his scheme from 2011 until October 2014, telling his clients that their money was going toward safe municipal bonds, all the while putting their money into his own brokerage accounts, which he then lost after participating in risky options trading.

Any investor who loses money through their broker/financial advisor’s fraud or misconduct does have the opportunity to fight for their money back, but they must do so through a process known as FINRA arbitration. Stockbroker misconduct claims are handled through FINRA arbitration, rather than before a judge or jury, because most contracts between brokers and their clients contain a provision outlining the details of how disputes must be handled.

There are actually many benefits to handling a stockbroker misconduct claim through arbitration, including:

  • Affordability – FINRA arbitration generally costs less than going to trial
  • Time – It typically takes less time to reach a resolution going the arbitration route
  • Choice – Claimants who go through arbitration usually have the option of having their case heard by “all public” arbitrators or with the addition of an “industry” arbitrator

Meyer Wilson, a law firm dedicated to representing investors in FINRA Arbitration, is currently investigating charges against Michael J. Oppenheim, formerly of JP Morgan, that he stole millions of his clients’ investment dollars. If Oppenheim was your broker at any point from 2011 to October 2014, we invite you to contact us today for a free evaluation of your case.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram