ARTHUR GAER is currently employed as a Broker and/or Investment Adviser at OPPENHEIMER & CO. INC. located at 250 PEHLE AVENUE, SUITE 307, PARK 80 WEST - PLAZA ONE, 3RD FLR,, SADDLE BROOK, NJ, 07663.
ARTHUR GAER has worked at OPPENHEIMER & CO. INC. since January 03, 2003
ARTHUR GAER has 3 Disclosure Event(s).
Date: October 29, 2003 Category: Customer Dispute Allegations: ALLEGES UNSUITABLE AND UNAUTHORIZED COVERED CALLS. DAMAGES WERE UNSPECIFIED BUT DETERMINED BY THE FIRM TO BE IN EXCESS OF $5,000.
Date: January 07, 2003 Category: Customer Dispute Allegations: THE CLAIMANT ALLEGES THAT MR. GAER MADE UNAUTHORIZED TRADES. CLAIMANT'S DAMAGES ARE BELIEVED TO EXCEED $50,000.00. Damage Amount Requested: $50,000.00 Settlement Amount: $37,500.00
Date: October 12, 1987 Category: Customer Dispute Allegations: ON 10/12/87, MR. GAER DISCUSSED THE BUY OFADDITIONAL SHARES OF HOWARD BANK WITH AN AUTHORIZED REP FOR THECUSTOMER S.A. A/C. AS A RESULT, HE BELIEVED THAT HE WASAUTHORIZED TO BUY AN ADDITIONAL 20M SHARES OF THE STOCK FOR THEA/C. SHORTLY THEREAFTER, THE A/C CONTACTED HIM REGARDING THEPURCHASE, HAVING AUTHORIZED AN ADDITIONAL $20,000, NOT 20MSHARES. DUE TO THIS MISUNDERSTANDING, GAER STEARNS SETTLED THEMATTER, WITH GAER PAYING $216,150 FOR THE LOSS. Settlement Amount: $216,150.00 Broker Comment: BEAR STEARNS SETTLED WITH THE CLIENT FOR A LOSSOF $216,150 FOR THIS TRADE. ARTHUR GAER SIGNED A PROMISSORYNOTE TO BEAR STEARNS FOR THE REPAYMENT OF THAT AMOUNT.NOT PROVIDED
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