HENRY EDWARD LEVIN

HENRY EDWARD LEVIN 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.

HENRY EDWARD LEVIN has worked at OPPENHEIMER & CO. INC. since September 10, 2010

Disclosure History

HENRY EDWARD LEVIN has 3 Disclosure Event(s).

Date: June 11, 2009
Category: Customer Dispute
Allegations: TIME FRAME: JANUARY 2, 2008 THRU JUNE 11, 2009CLIENT'S COUNSEL ALLEGES THAT HIS CLIENT WAS ASSURED THAT THE FUNDS WOULD BE INVESTED IN CASH EQUIVALENT SECURITIES (AUCTION RATE SECURITIES) AND WOULD PROVIDE SAFETY AND COMPLETE LIQUIDITY. COUNSEL FURTHER STATES THAT FURTHER REPRESENTATIONS REGARDING THE ARS WERE EQUIVALENT TO CASH OR MONEY MARKET FUNDS; THAT THEY WERE COMPLETELY LIQUID, SAFE INVESTMENTS APPROPRIATE FOR SHORT-TEM INVESTING AND THEY WERE SUITABLE FOR THE CLIENT'S SPECIFIC NEEDS.
Damage Amount Requested: $1,400,000.00
Settlement Amount: $925,000.00
Broker Comment: THE COMPLAINT AROSE BECAUSE OF UNPRECEDENTED MARKET EVENTS THAT CAUSED THE BREAKDOWN OF LIQUIDITY IN THE MARKET FOR AUCTION RATE SECURITIES. THE FIRM, UBS, AGREED TO REPURCHASE THE ARS SECURITIES AT ISSUE AT PAR VALUE FROM THE CLIENT. THIS WAS NOT A SETTLEMENT OF A DISPUTE BETWEEN THE CLIENT AND THE REPRESENTATIVE AND WAS NOT BASED ON THE MERITS OF THE CLIENT'S SPECIFIC CONCERNS OR ANY FINDING OF FAULT OR WRONGDOING BY THE NAMED REPRESENTATIVE. THE NAMED REPRESENTATIVE WAS NOT A PARTY TO, AND DID NOT AGREE TO OR PARTICIPATE IN, THE REPURCHASE AGREEMENT BETWEEN THE FIRM AND THE CLIENT. THE NAMED REPRESENTATIVE DID NOT MAKE ANY PAYMENTS TO THE CLIENT AND THE NAMED REPRESENTATIVE WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE SETTLEMENT AMOUNT. THE LISTED "SETTLEMENT AMOUNT" REPRESENTS ONLY THE GROSS INITIAL PAR VALUE OF THE ARS POSITION AND DOES NOT TAKE INTO ACCOUNT THE ACTUAL VALUE OF THE ARS POSITION AT THE TIME THE FIRM RECEIVED IT BACK FROM THE CLIENT IN CONNECTION WITH THE SETTLEMENT. THIS MATTER IS BEING REPORTED AS A SETTLEMENT PURSUANT TO THE REQUIREMENTS OF FINRA REGULATORY NOTICE 09-12.

Date: April 14, 2008
Category: Customer Dispute
Allegations: CLIENT ALLEGES THAT HIS MONEY WAS PLACED (AUCTION RATE SECURITIES) IN SHORT TERM, VERY LIQUID, SEVEN DAY PAPER WHICH TURNED INTO 20, 30 AND 40 YEAR AUCTIONS. CLIENT FURTHER STATES HE NEVER AUTHORIZED THESE TYPES OF INVESTMENTS AS HE DID NOT WANT RISK. DAMAGES ESTIMATED TO BE IN EXCESS OF $5,000.
Damage Amount Requested: $5,000.00
Settlement Amount: $20,670,000.00
Broker Comment: THE COMPLAINT AROSE IN CONNECTION WITH THE INDUSTRY WIDE BREAKDOWN OF THE LIQUIDITY IN THE MARKET FOR AUCTION RATE SECURITIES ("ARS"). THE FIRM AGREED TO REPURCHASE THE ARS SECURITIES AT ISSUE AT PAR VALUE FROM THE CLIENT PURSUANT TO A GLOBAL REPURCHASE AGREEMENT IT ENTERED INTO WITH SEVERAL REGULATORY BODIES. THIS WAS NOT A SETTLEMENT OF A DISPUTE BETWEEN THE CLIENT AND THE REPRESENTATIVE AND WAS NOT BASED ON THE MERITS OF THE CLIENT'S SPECIFIC CONCERNS OR ANY FINDING OF FAULT OR WRONGDOING BY THE NAMED REPRESENTATIVE. THE NAMED REPRESENTATIVE WAS NOT A PARTY TO, AND DID NOT AGREE TO OR PARTICIPATE IN, THE REPURCHASE AGREEMENT BETWEEN THE FIRM AND THE RELEVANT REGULATORY BODIES. THE NAMED REPRESENTATIVE DID NOT MAKE ANY PAYMENTS TO THE CLIENT AND THE NAMED REPRESENTATIVE WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE SETTLEMENT AMOUNT. THE LISTED "SETTLEMENT AMOUNT" REPRESENTS ONLY THE GROSS INITIAL PAR VALUE OF THE ARS POSITION AND DOES NOT TAKE INTO ACCOUNT THE ACTUAL VALUE OF THE ARS POSITION AT THE TIME THE FIRM RECEIVED IT BACK FROM THE CLIENT IN CONNECTION WITH THE SETTLEMENT. THIS MATTER IS BEING REPORTED AS A SETTLEMENT PURSUANT TO THE REQUIREMENTS OF FINRA REGULATORY NOTICE 09-12.

Date: December 14, 1998
Category: Customer Dispute
Allegations: EXCESSIVE TRADES, COMMISSIONS, AND A LOWRETURN OF PROFIT ON EQUITY. CUSTOMER REQUESTED RECOMPENSE OF$378,000.
Damage Amount Requested: $378,000.00
Broker Comment: N/AA REVIEW OF THE ACCOUNT REVEALS THAT IT WAS NOTEXCESSIVELY TRADED, THERE WERE NOT EXCESSIVE COMMISSIONS, ANDHER ACCOUNT WAS PROFITABLE.

More Information

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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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