According to a recent FINRA announcement, Charles Edward Roden, of Oppenheimer & Co., Inc. in Armonk, New York, was really fined $5,000 and suspended for 10 business days. Without admitting or denying, Roden consented to findings that he exercised discretion in a customer’s account without the customer’s prior written authorization. The findings further stated that Roden’s member firm (presumably Oppenheimer) prohibited discretionary trading within customer accounts (most firms now prohibit discretionary trading by brokers).
According to Charles Edward Roden’s CRD, this does not appear to be the first time that he has been investigated by regulators. He was also investigated by the NYSE Division of Enforcement while he was a financial advisor for Josephthal & Co., Inc.
If you have questions about the investments you made with Charles Edward Roden and Oppenheimer & Co., Inc., or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help. To speak to a securities attorney, please call our Chicago office at 312-238-9650 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
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