Last Updated: January 2025 (Los Angeles, CA)
Randy Moshtael Investigation Summary
Here’s what you need to know about Los Angeles, CA, stockbroker Randy Moshtael:
- Name: Randy Farzin Moshtael
- Current Employer: Oppenheimer & Co. Inc.
- CRD Number: 1036474
- Function: Stockbroker / Financial Advisor
- Primary Location: Los Angeles, CA
- Aliases: Randy Moshtael
- Can Randy Moshtael be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Employment Separation after Allegations: Yes
- Highest Settlement or Award: $97,500
- Pending Customer Dispute Seeks Damages of: $400,000
If you’ve sustained damages from Mr. Moshtael, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Randy Moshtael As Your Stockbroker?
Randy Moshtael has been involved in customer disputes alleging excessive trading, unauthorized transactions, and unsuitable investment recommendations.
- Pending Arbitration (Case #24-02203): Filed on October 14, 2024, the claimant alleges excessive commission charges and failure to adhere to account instructions, including a stipulation to maintain a minimum account value of $250,000. The disputed time period spans from August 1, 2020, to February 1, 2022, with alleged damages totaling $400,000.
- Customer Complaint (Settled for $97,500): Filed on June 26, 2015, the client alleged excessive, unauthorized, and unsuitable futures trading in their account. This case, involving futures commodities, was resolved on July 18, 2016.
- Employment Termination: Mr. Moshtael was permitted to resign from Smith Barney on September 6, 2002, following allegations of providing money to a client. He stated the funds were given as part of a personal relationship and unrelated to his professional responsibilities.
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
Allegations of Broker Misconduct Against Randy Moshtael
Customers and regulators have alleged the following misconduct against Randy Farzin Moshtael:
- Excessive and Unauthorized Trading:
Allegations include unauthorized futures trading and generating excessive commissions, violating FINRA Rule 2010, which mandates high standards of commercial honor and equitable principles of trade. - Unsuitable Investment Recommendations:
Claims involve unsuitable investment recommendations, particularly in futures and options trading. This constitutes a violation of FINRA Rule 2111, requiring brokers to ensure that recommendations align with clients’ financial needs and risk tolerance. - Termination After Allegations:
Mr. Moshtael’s resignation from Smith Barney highlights potential compliance concerns, as he was accused of engaging in financial transactions with a client in violation of firm policy.
Other Cases Involving Unauthorized Trading
Recover Your Investment Losses Now With Rex Securities Law
Investigations of other Oppenheimer & Co. brokers
If you have suffered investment losses in an account handled by Randy Farzin Moshtael, 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.