GERRY RAYMOND NEMETZ is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 910 N BALLAS RD, ST LOUIS, MO, 63131-3705.
GERRY RAYMOND NEMETZ has worked at LPL FINANCIAL LLC since July 01, 2016
Disclosure History
GERRY RAYMOND NEMETZ has 3 Disclosure Event(s).
Date: December 29, 2017 Category: Customer Dispute Allegations: Clients alleged registered representative invested in unsuitable investments which were over-concentrated. Damage Amount Requested: $322,000.00
Date: August 25, 1999 Category: Customer Dispute Allegations: CLAIMANT, CUSTOMER, ALLEGES THAT CIBC OPPENHEIMER AND MR. NEMETZ RECOMMENDED UNSUITABLE SECURITIES ON MARGIN AND NEGLECTED ELIMINATE THE RISK AND SPECULATION IN HER ACCOUNTS. DAMAGES ARE ALLEGED TO BE $178,500. Damage Amount Requested: $178,500.00 Settlement Amount: $33,850.00 Broker Comment: ON AUGUST 30, 2000, CIBC WORLD MARKETS CORP. AGREED TO SETTLE THE CASE OF CUSTOMER V. CIBC WORLD MARKETS CORP. AND GERRY NEMETZ (NASD ARBITRATION NUMBER 99-03667), FOR $33,850.00 TO AVOID THE TIME AND EXPENSE OF LITIGATING AT A HEARING. RESPONDENTS DENY ALL WRONGDOING.
Date: June 07, 1999 Category: Customer Dispute Allegations: CUSTOMER FILED A STATEMENT OF CLAIMALLEGING THAT NEMETZ AND CIBC OPPENHEIMER AND GERRY RECOMMENDED CERTAIN UNSUITABLE SECURITIES,INCLUDING U.S. SURGICAL, 3D LABS, WSMP, SAGEBRUSH AND GLENNARYETECHNOLOGY. DAMAGES ARE ALLEGED TO BE $50,000. Damage Amount Requested: $50,000.00 Damages Granted: $18,850.00 Broker Comment: AT A HEARING ON JULY 6, AND 7, 2000, IN THE CASE OF CUSTOMER V. CIBC WORLD MARKETS CORP. AND GERRY RAYMOND NEMETZ, (NASD ARBITRATION NUMBER 99-01591). CLAIMANT REQUESTED COMPENSATORY DAMAGES IN THE AMOUNT OF $98,961.00 FOR LOSSES CAUSED BY TRANSACTIONS IN UNSUITABLE SECURITIES. SUBSEQUENTLY, IN AN AWARD ISSUED ON AUGUST 22, 2000, THE PANEL FOUND THAT RESPONDENTS, CIBC OPPENHEIMER AND GERRY NEMETZ ARE JOINTLY AND SEVERALLY LIABLE FOR AND SHALL PAY TO CLAIMANT, CUSTOMER, THE SUM OF $18,850.00 REPRESENTING LOSSES ON TRANSACTIONS ENTERED INTO BASED UPON RECOMMENDATIONS SHOWN TO BE UNSUITABLE TO HER.
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