Logan Shalmi is Facing Allegations of Negligence
Logan Shalmi (CRD #: 6206579), a broker registered with Oppenheimer & Co., is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on March 26, 2024. Details concerning this dispute are provided below.
Investor Allegations
On February 27, 2024, investors alleged that Logan Shalmi breached his fiduciary duty. He further alleged negligence and failure to follow their investment goals and place sell orders. The investor is seeking $99,000.
Negligence
Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and failure to follow instructions.
Investors who believe their losses are the result of broker negligence may be able to recover their funds through FINRA arbitration.
High Standards of Commercial Honor
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Negligence also violates this rule.
Background Information
Logan Shalmi has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
He is a registered broker in 40 states and is a registered investment adviser in Florida, Louisiana, and Texas.
Kurta Law Can Help
If you have worked with Logan Shalmi and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.