Last Updated: June 2024 (Beachwood, OH)
Bruce Alan Hartzmark Investigation Summary
Here’s what you need to know about Beachwood, OH stockbroker Bruce Alan Hartzmark:
- Name: Bruce Alan Hartzmark
- Current Employer: Oppenheimer & Co. Inc.
- Function: Stockbroker / Financial Advisor
- Primary Location: Beachwood, OH
- CRD Number: 1106323
- Can Bruce Alan Hartzmark be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $30,000
- Pending Customer Dispute Seeks Damages of: $500,000
If you’ve sustained damages from Mr. Hartzmark, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Bruce Alan Hartzmark As Your Stockbroker?
A customer of Oppenheimer & Co. Inc. has filed a pending claim seeking damages of $500,000. The allegations include negligence, breach of fiduciary duty, breach of contract, and violations of state securities laws related to a private placement investment. FINRA case number 24-00833.
Private Placements under Reg D: What is a Private Placement? According to the U.S. Securities and Exchange Commission (SEC):
“Under the federal securities laws, a company may not offer or sell securities unless the offering has been registered with the SEC or an exemption from registration is available. Offerings exempt from the SEC’s registration requirements pursuant to Securities Act Section 4(a)(2) or its safe harbor under Regulation D of the Securities Act are often referred to as private placements.”
The SEC warns that unregistered offerings may be utilized to conduct investment scams and that investors should have the ability to weather a total loss in these illiquid investments. See this SEC Investor Alert about red flags to watch out for in unregistered offerings.
Allegations of Broker Misconduct Against Bruce Alan Hartzmark
Allegations
Customers of Bruce Alan Hartzmark have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable investments
- Breach of fiduciary duty
- Breach of contract
- Negligence
- Misrepresentation
Detailed Information
Bruce Hartzmark settled a case in 1999 for $30,000. That case involved allegations of unsuitable investments, breach of fiduciary duty, and breach of contract. The case was settled on January 14, 1999, and Hartzmark contributed $14,500 to the settlement.
[LEARN MORE]: Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
[LEARN MORE]: FINRA Rule 2111- suitability -Regulation Best Interest
Recover Your Investment Losses Now With Rex Securities Law
[LEARN MORE]: Investigations of other Oppenheimer & Co. brokers
If you have suffered investment losses in an account handled by Bruce Alan Hartzmark, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.