{"id":2909,"date":"2015-10-07T00:00:00","date_gmt":"2015-10-07T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/palm-beach-gardens-broker-ralph-oelbermann-permanently-barred-by-ofr-and-finra\/"},"modified":"2017-12-22T14:00:30","modified_gmt":"2017-12-22T19:00:30","slug":"palm-beach-gardens-broker-ralph-oelbermann-permanently-barred-by-ofr-and-finra","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/palm-beach-gardens-broker-ralph-oelbermann-permanently-barred-by-ofr-and-finra\/","title":{"rendered":"Palm Beach Gardens Broker Ralph Oelbermann Permanently Barred by OFR And FINRA"},"content":{"rendered":"<p>Broker Ralph Oelbermann (<a href=\"https:\/\/brokercheck.finra.org\/Individual\/Summary\/1962900\"  rel=\"noopener\" target=\"_blank\">CRD# 1962900<\/a>) was permanently barred by the <a href=\"http:\/\/www.flofr.com\/\"  rel=\"noopener\" target=\"_blank\">Florida Office of Financial Regulation<\/a> (\u201cOFR\u201d) and fined $110,000 by state regulators commencing on October 24, 2014, for failing to respond to a Complaint by the OFR . He was terminated after customers allegedly reported <a href=\"https:\/\/www.silverlaw.com\/unauthorized-trading.html\"  rel=\"noopener\" target=\"_blank\">unauthorized trading<\/a> in their accounts. The Complaint that was brought by the OFR alleged that Oelbermann falsified customer account documents and conducted fraudulent securities transactions. Furthermore, Oelbermann was permanently barred by <a href=\"https:\/\/www.finra.org\"  rel=\"noopener\" target=\"_blank\">FINRA<\/a> commencing on May 20, 2015, for failing to respond to a FINRA request for information, pursuant to FINRA Rule 9552(d). <strong>Oelbermann is permanently barred from association with any FINRA member in any capacity<\/strong>. He failed to request termination of his suspension within 3 months of the date of his Notice of Suspension, and therefore, was automatically barred by FINRA (FINRA Rule 9552(h)).<\/p>\n<p>Oelbermann first became a registered securities broker in 1989 and was registered with the following securities firms from 1989-2013: Hibbard Brown &amp; Co., Inc. (New York, NY ), Corporate Securities Group, Inc. (St. Louis, MO), Investors Associates, Inc. (Hackensack, NJ), Worthington Capital Group, Inc. (Garden City, NY), First Union Securities Financial Network, Inc. . (St. Louis, MO), Gunnallen Financial, Inc. (Palm Beach Gardens, FL), <a href=\"https:\/\/www.silverlaw.com\/national-securities-corporation\/\"  rel=\"noopener\" target=\"_blank\">National Securities Corp<\/a>. (Boca Raton, FL), <a href=\"https:\/\/www.silverlaw.com\/securities-america\/\"  rel=\"noopener\" target=\"_blank\">Securities America, Inc.<\/a> (Palm Beach Gardens, FL), <a href=\"https:\/\/www.silverlaw.com\/lpl-financial-llc-linsco-private-ledger\/\"  rel=\"noopener\" target=\"_blank\">LPL Financial LLC<\/a> (Palm Beach Gardens, FL), and J.W. Cole Financial, Inc. (Palm Beach Gardens, FL).<\/p>\n<p>According to FINRA, in September, 2013, Oelbermann was discharged by his employer, LPL Financial, for unauthorized trading involving mutual funds. He also had additional customer complaints filed against him in 2001 and 2002 for allegations concerning <a href=\"https:\/\/www.silverlaw.com\/misrepresentation-omission-of-material-facts.html\"  rel=\"noopener\" target=\"_blank\">misrepresentation<\/a>, <a href=\"https:\/\/www.silverlaw.com\/securities-arbitration\/investments-and-securities-fraud\/\"  rel=\"noopener\" target=\"_blank\">fraud<\/a>, <a href=\"https:\/\/www.silverlaw.com\/excessive-trading-churning.html\"  rel=\"noopener\" target=\"_blank\">excessive<\/a> and unauthorized trading, and <a href=\"https:\/\/www.silverlaw.com\/securities-arbitration\/finra-sales-practice-violations\/unsuitable-investment-advice\/\"  rel=\"noopener\" target=\"_blank\">unsuitability<\/a>. In these cases, the customers were awarded reparations.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/palm-beach-gardens-broker-ralph-oelbermann-permanently-barred-by-ofr-and-finra\/\"  title=\"Continue Reading Palm Beach Gardens Broker Ralph Oelbermann Permanently Barred by OFR And FINRA\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Broker Ralph Oelbermann (CRD# 1962900) was permanently barred by the Florida Office of Financial Regulation (\u201cOFR\u201d) and fined $110,000 by state regulators commencing on October 24, 2014, for failing to respond to a Complaint by the OFR . He was terminated after customers allegedly reported unauthorized trading in their accounts. The Complaint that was brought [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[580],"tags":[456],"class_list":["post-2909","post","type-post","status-publish","format-standard","hentry","category-stockbroker-misconduct","tag-stockbroker-misconduct-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Losses with Broker Ralph Oelbermann? - Silver Law Group<\/title>\n<meta name=\"description\" content=\"If you have questions about how your account with Ralph Oelbermann was handled, call the experienced securities attorneys at Silver Law Group today.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/palm-beach-gardens-broker-ralph-oelbermann-permanently-barred-by-ofr-and-finra\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Losses with Broker Ralph Oelbermann? 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- Silver Law Group","twitter_description":"If you have questions about how your account with Ralph Oelbermann was handled, call the experienced securities attorneys at Silver Law Group today.","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/palm-beach-gardens-broker-ralph-oelbermann-permanently-barred-by-ofr-and-finra\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/palm-beach-gardens-broker-ralph-oelbermann-permanently-barred-by-ofr-and-finra\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"Palm Beach Gardens Broker Ralph Oelbermann Permanently Barred by OFR And FINRA","datePublished":"2015-10-07T04:00:00+00:00","dateModified":"2017-12-22T19:00:30+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/palm-beach-gardens-broker-ralph-oelbermann-permanently-barred-by-ofr-and-finra\/"},"wordCount":368,"keywords":["stockbroker misconduct"],"articleSection":["Stockbroker Misconduct"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/palm-beach-gardens-broker-ralph-oelbermann-permanently-barred-by-ofr-and-finra\/","url":"https:\/\/www.silverlaw.com\/blog\/palm-beach-gardens-broker-ralph-oelbermann-permanently-barred-by-ofr-and-finra\/","name":"Losses with Broker Ralph Oelbermann? 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