Oppenheimer Customer Lawsuit for Energy Sector Losses

Should you bring a claim against your stockbroker, banker, or other financial professional for energy sector, including MLP losses?

The energy sector can be one of the most volatile market sectors. Prices of crude oil continue to plummet. Not only have the novel coronavirus pandemic and the subsequent shutdowns devastated the demand, but a surplus of supply with limited storage capacity also continues to impact the market. Recommendations to invest heavily in this sector should be investigated as stockbroker misconduct.

Timothy Roger Atyeo (CRD#: 1544728) is a registered broker and Investment Adviser. According to publicly available information from the Financial Industry Regulatory Authority (FINRA), Mr. Atyeo has 33 years of experience. Over the course of his career, Mr. Atyeo has worked for nine different investment firms, including Bear, Stearns & Co. Inc., and PaineWebber Incorporated. For the past 17 years, he has been employed by Oppenheimer & Co. Inc. During his employment, four customer disputes have arisen against him, alleging misconduct.

According to publicly available information on www.finra.org, the customer alleged that Mr. Atyeo committed negligence, breach of fiduciary duty, misrepresentation, over concentration, and speculative trading in the energy sector from August 1, 2011, until February 28, 2019. The customer has requested damages in the amount of $1,100,000.

Contact Levin Law for a Free Case Evaluation

If you have experienced losses because your stockbroker recommended that you invest in Master Limited Partnership (MLP), energy stocks, other energy investments (like oil-back ETNs and ETFs), or that you heavily invest in a single sector or security, you might be able to obtain damages through a FINRA arbitration. Stockbrokers and financial advisors have a duty to make suitable recommendations and to ensure that an investor’s portfolio is diversified.

Please contact Levin Law managing partner, Brian Levin, at (305) 402-9050, brian@levinlawpa.com, or visit Levin Law’s website, www.levinlawpa.com. Levin Law accepts most cases on a contingency-fee basis, meaning that clients are not obligated to pay Levin Law’s attorney fees unless money is recovered for the investor.

About Levin Law

Levin Law is a premier securities and class action law firm with significant experience based in Miami, Florida and Bloomfield Hills, Michigan, but represents investors throughout the country and the rest of the world. Brian Levin, Levin Law’s founding attorney, has obtained recoveries and settlements in excess of $100,000,000 through securities arbitration and litigation for individual and institutional investors throughout the country and worldwide. Levin Law represents retirees, individual investors, high-net-worth investors, ultra-high-net-worth investors, institutions, family offices, trusts, publicly held companies, and others.