Since the beginning of 2017, he’s been involved in numerous customer disputes
For the time being, Abraham Heimann is not working as a broker. He started at Cetera Advisors LLC out of Alpharetta, Georgia, in June of 2013, but his employment there ended in early 2016. And even though he has not been in the securities industry for over a year, he is currently facing many serious allegations.
The first customer dispute came in January. Among other things, Heimann was charged with unsuitability, unauthorized trading, and breach of contract stemming from an account he managed from 2009 to 2013. The customer is seeking over $876,000 in damages.
Then in March, another customer alleged breach of fiduciary duty and negligence. This customer is looking for $2 million in damages. Two more disputes have been filed since then and in total, Heimann’s former clients are seeking more than $4.5 million in recompense.
Over the years, Cetera Advisors has gotten in trouble for a variety of issues, including lack of supervision and excessive sales.
Aside from Cetera, Heimann has worked for seven other firms:
- Philips, Appel & Walden, Inc.
- Oppenheimer & Co., Inc
- Shearson Lehman Hutton Inc.
- Bear, Stearns & Co. Inc. – NYC
- Morgan Stanley DW Inc. – Purchase, NY
- Josephthal & Co., Inc. – NYC
- Oppenheimer & Co., Inc. – Atlanta, GA
Heimann also did business as Alpha Global Investments, LLC in Alpharetta, GA.
You can learn more about Abraham Heimann in this BrokerCheck report generated by the Financial Industry Regulatory Authority (FINRA).
There’s a reason Heimann’s customers are going through FINRA arbitration in an attempt to recover money: It is often the most effective way to achieve justice. If you lost money due to the improper actions of a broker or advisor, FINRA arbitration may be the best tactic. To find out, get in touch with the Silver Law Group. You’ll get a free consultation from an experienced arbitration attorney. To get started, call us at 800-975-4345 or fill out this contact form.