When it comes to financial matters, trust is the bedrock of any relationship between an advisor and a client. Sadly, that trust appears to have been shattered with the recent allegations against Adam Jacobs of OPPENHEIMER & CO. INC. The seriousness of these allegations cannot be overstated, and they have sent ripples through the financial community.
Understanding the Allegations
Table of Contents
On June 14, 2023, a customer dispute was filed with the claimant alleging substantial losses due to unsuitable investments. The claimant further alleges that Adam Jacobs breached his fiduciary duty, engaged in unauthorized trading, failed to act in the claimant’s best interest, and demonstrated negligence. Other allegations include state securities law violations and breach of contract. The timeline of these alleged actions spans from 2020 to the present day, with the claimant seeking damages of $300,000.
While Adam Jacobs has vehemently denied these allegations, stating “I at all times conducted myself in an appropriate and professional manner. I deny all allegations of wrongdoing, and intend to vigorously defend myself against the false, unwarranted and unsubstantiated allegations,” the seriousness of the charges cannot be ignored.
Investigation by Haselkorn & Thibaut
With the gravity of these allegations, it’s no surprise that Haselkorn & Thibaut, a national investment fraud law firm, is conducting an investigation into both Adam Jacobs and OPPENHEIMER & CO. INC. With offices in Florida, New York, North Carolina, Arizona, and Texas, Haselkorn & Thibaut is well-equipped to handle this case.
- Over 50 years of experience in the field.
- Successful financial recoveries for investors.
- An impressive 98% success rate.
Haselkorn & Thibaut is currently offering free consultations to clients who may have been affected by these allegations. They can be reached at 1-800-856-3352. In line with their “No Recovery, No Fee” policy, you won’t be charged unless they are successful in recovering your losses.
FINRA Arbitration: A Path to Recovery
For investors who may have suffered losses due to the alleged actions of Adam Jacobs, there is a glimmer of hope in the form of FINRA Arbitration. This is a process that offers a streamlined, efficient way to resolve disputes between investors and brokers or brokerage firms. It’s a path that can potentially help investors recover their losses.
While the allegations against Adam Jacobs are indeed serious, it’s important to remember that resources and support are available. With the expertise of firms like Haselkorn & Thibaut and the possibility of FINRA Arbitration, investors have avenues to seek redress and potentially recover their losses.