RICHARD DOUGLAS LEVEY is currently employed as a Broker and/or Investment Adviser at OPPENHEIMER & CO. INC. located at ONE NORTH BRENTWOOD BOULEVARD, SUITE 600, ST. LOUIS, MO, 63105.
RICHARD DOUGLAS LEVEY has worked at OPPENHEIMER & CO. INC. since January 03, 2003
Disclosure History
RICHARD DOUGLAS LEVEY has 2 Disclosure Event(s).
Date: January 02, 2013 Category: Customer Dispute Allegations: CLAIMANT ALLEGES INTER ALIA UNSUITABILITY AND MISREPRESENTATIONS REGARDING AUCTION RATE SECURITIES. Damage Amount Requested: $175,000.00 Settlement Amount: $208,500.00 Broker Comment: "THE SETTLEMENT OF THIS MATTER (67865101791EF30B8), AND THE VARIOUS TERMS OF THE SETTLEMENT, IS BEING DONE SOLELY FOR THE CONVENIENCE AND SATISFACTION OF THE PARTIES INVOLVED, NAMELY, THE RETAIL CLIENT AND OPPENHEIMER & CO. INC. MR. LEVEY WAS NOT NAMED IN THIS COMPLAINT AND THERE IS ABSOLUTELY NO FINANCIAL CONTRIBUTION, WHATSOEVER, TO THIS SETTLEMENT FROM MR. LEVEY. THERE ALSO IS NO PUNISHMENT, SANCTION, CENSURE, OR ANY OTHER DISCIPLINARY ACTION (PAST, PRESENT, OR FUTURE) REGARDING THIS SETTLEMENT AND MR. LEVEY, NOR WAS MR. LEVEY CONSULTED WITH, OR IN ANY WAY INVOLVED IN NEGOTIATING THE TERMS OF THIS SETTLEMENT."
Date: January 21, 2004 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT INSTEAD OF HER ASSETS BEING LIQUIDATED FROM HER MANAGED ACCOUNTS AT NO COST, HER HOLDINGS WERE REMOVED FROM THE MANAGED ACCOUNTS AND MOVED TO HER NON MANAGED ACCOUNT AND SOLD IN DECEMBER 2003, CAUSING A COMMISSION CHARGE OF $7,130.15. COMMISSION CHARGES HAVE BEEN REVERSED. Damage Amount Requested: $7,130.15 Settlement Amount: $7,130.15 Broker Comment: I STRONGLY DISAGREE WITH THE FIRM'S INTERPRETATION THAT THE CUSTOMER'S LETTER IS A COMPLAINT. MY POSITION IS THAT I WAS FOLLOWING THE CUSTOMER'S WRITTEN INSTRUCTIONS TO SELL THE SECURITY POSITIONS IN HER ACCOUNTS. THE CUSTOMER SUBSEQUENTLY PROVIDED ME WITH A WRITTEN ACKNOWLEDGEMENT THAT HER DEMAND WAS FOR A COMMISSION ADJUSTMENT, AND NOT AN ALLEGATION OF ANY IMPROPRIETY. THE CUSTOMER RECEIVED THE COMMISSION ADJUSTMENT, AND DID NOT RECEIVE ANY OTHER COMPENSATION.
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