Advisor Alert: Our Attorneys Are Investigating Eugene Donald Faierman For Investment Fraud
Did You Lose Money Because of Eugene (Gene) Faierman?
Filed: January 17, 2024
Eugene Faierman (also known as Gene Faierman) has been the subject of one (1) termination event and five (5) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Eugene Donald Faierman.
Who Is Eugene Donald Faierman?
- Advisor Name: Eugene Donald Faierman
- Aliases: Gene Faierman
- CRD: 203944
- Location: Woodland Hills, California
- Current Employer: Currently Not Registered
- Previous Firms: Ameriprise Financial Services, LLC, RBC Capital Markets, LLC, and Sutro & Co. Incorporated
- Number of Known Customer Complaints: 5
- Number of Known Termination Events: 1
- Can Eugene Faierman Be Sued: Yes, in Private Arbitration
- Can Eugene Faierman’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $578,875
- Highest Settlement: $182,500
If you have suffered investment losses by Eugene (Gene) Faierman, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Eugene (Gene) Faierman For Broker Misconduct
As of this publication date, Eugene Faierman has been the subject of one (1) termination event and 5 customer disputes. Let’s review them below.
In August 2019, a FINRA arbitration was filed against or in reference to Eugene Faierman by multiple customers of Ameriprise Financial Services, LLC alleging unsuitable investments and margin, and that they were overly concentrated in oil and energy stocks. Per the customers, they lost over $578,875 because of Mr. Faierman’s actions. On April 29, 2021, Mr. Faierman settled the claim for $182,500, and some or all of this amount may have been paid by Mr. Faierman’s employer and/or insurance carrier.
In July 2017, a complaint was filed against or in reference to Eugene Faierman by a customer of Ameriprise Financial Services, LLC alleging that the client received poor recommendations from February 2011 through November 2015 regarding equity securities. Per the customer, he/she lost over $150,036.43 because of Mr. Faierman’s actions.
In February 1995, a NASD arbitration was filed against or in reference to Eugene Faierman by a customer of Painewebber Inc. alleging unauthorized trading and suitability. Per the customer, he/she lost over $40,000 because of Mr. Faierman’s actions. On May 19, 1997, Mr. Faierman settled the claim for $13,500, and some or all of this amount may have been paid by Mr. Faierman’s employer and/or insurance carrier.
In September 1994, Painewebber, Inc. terminated Eugene Faierman for accepting orders from an unauthorized third party and allegedly accepting various account documents on behalf of the firm bearing the signatures of two co-trustees, one of whom was deceased.
In January 1988, a complaint was filed against or in reference to Eugene Faierman by a customer of Drexel Burnham Lambert alleging that the client was inappropriately induced to trade in S&P index futures which were unsuitable. Due to extraordinary volatility from July 87 thru October 87, he alleges he sustained losses of approximately $430,000. The client also alleges unsuitability as well as misrepresentation. Per the customer, he/she lost over $430,000 because of Mr. Faierman’s actions. On february 25, 1993, Mr. Faierman settled the claim.
In June 1976, a complaint was filed against or in reference to Eugene Faierman by a customer of Stern, Frank, Meyer, and Fox alleging that the client should have been told of risk. Per the customer, he/she lost over $11,500 because of Mr. Faierman’s actions. On June 1, 1976, Mr. Faierman settled the claim for $11,500, and some or all of this amount may have been paid by Mr. Faierman’s employer and/or insurance carrier.
How To File A Claim Against Eugene Faierman (previously with Ameriprise Financial Services, LLC, RBC Capital Markets, LLC, and Sutro & Co. Incorporated) To Get Your Money Back
If you have questions about Gene Faierman, Ameriprise Financial Services, LLC, RBC Capital Markets, LLC, Sutro & Co. Incorporated, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.