RAYMOND MARTIN FAUPEL is currently employed as a Broker and/or Investment Adviser at OPPENHEIMER & CO. INC. located at CHESTERFIELD RIDGE CIRCLE, 16401 SWINGLEY RIDGE RD SUITE 425, CHESTERFIELD, MO, 63017.
RAYMOND MARTIN FAUPEL has worked at OPPENHEIMER & CO. INC. since January 03, 2003
Disclosure History
RAYMOND MARTIN FAUPEL has 1 Disclosure Event(s).
Date: May 01, 1988 Category: Customer Dispute Allegations: I RECEIVED FROM THE NASD, A NOTICE OFARBITRATION ACTION BEING TAKEN AGAINST ME BY CUSTOMERS IN AMOUNT OF APPROX. $229,000 INCLUDING PUNITIVE DAMAGESWHILE EMPLOYED BY R. ROWLAND & COMPANY. THEY ALLEGEDPRIMARILY, UNSUITABLE INVESTMENT ADVICE GIVEN BY ME 5 YEARSPRIOR TO THE DATE. Damage Amount Requested: $229,000.00 Settlement Amount: $11,250.00 Broker Comment: ON 12/31/90, RAY FAUPEL DELIVERED A CHECKPAYABLE TO CUSTOMER IN THE AMOUNT OF $11,250.00. CUSTOMER RELEASEDAND FOREVER DISCHARGED RAYMOND M. FAUPEL, ROWLAND, SIMON & CO,LP, AND R. ROWLAND & CO, AND EACH OF THEIR RESPECTIVE OFFICERS,EMPLOYEES, AGENTS, SUCCESSORS, AND ASSIGNS, FROM ANY AND ALLMANNER OF ACTIONS, CAUSES OF ACTIONS, SUITS, DEBTS, ACCOUNTS,UNDERSTANDINGS, CONTRACTS, AGREEMENTS, ARRANGEMENTS,CONTROVERSIES, JUDGEMENTS, DAMAGES, CLAIMS, LIABILITIES, ANDDEMANDS OF ANY ACCOUNTS MAINTAINED BY THE TRUST OR THETRANSACTIONS AND OCCURENCES SET FORTH IN THE ACTION FROM THEBEGINNING OF THE WORLD TO THE DATE OF THESE PRESENT.NOTICE OF ARBITRATION RECEIVED 5/88 OF ACTIONBEING TAKEN BY CUSTOMERS IN THE AMOUNT OF$229,000 INCLUDING PUNITIVE DAMAGES WHILE EMPLOYED BY R.ROWLAND & CO. THEY ALLEGED, PRIMARILY, UNSUITABLE INVESTMENTADVICE GIVEN FIVE YEARS PRIOR TO THIS DATE. AL PARTIES AGREEDTO ARBITRATION. ORIGINAL 10/3/89 DATE POSTPONED BY CLAIMANTS'ATTORNEY. CLAIM WAS SETTLED OUT OF ARBITRATION ON MAY 10,1990, JUST PRIOR TO THE RESCHEDULED ARBITRATION DATE. THESETTLEMENT AMOUNT OF $11,250.00 WAS LESS THAN THE APPROXIMATECOST OF RAY'S LEGAL FEES FOR ARBITRATION AND CONSIDERABLY LESSTHAN THE AMOUNT SOUGHT BY CLAIMANTS. THEIR CASE WAS SO WEAKTHAT THEY AGREED TO A 95% REDUCTION IN THE AMOUNT OF THEIRORIGINAL CLAIM.
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