Investor Alleges Michael O’Rourke Executed Unauthorized Trades

Michael O’Rourke (CRD #: 1644712), a broker registered with Oppenheimer & Company, was the subject of a recent dispute, according to his BrokerCheck record, accessed on August 6, 2022. Keep reading to learn more about Michael O’Rourke’s conduct as a broker.

Investor Dispute

On May 24, 2022, an investor alleged that Michael O’Rourke executed unauthorized trades in the client’s accounts. The investor sought $314,002 in damages but the dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without an external review. Investors may be able to recover their funds by seeking out FINRA arbitration following a denial.

FINRA 3260

FINRA Rule 3260 limits brokers to exercising their trading discretion in pre-approved discretionary accounts. These accounts must be authorized for discretionary trading by both the client and the firm.

Background Information

Michael O’Rourke has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 50 – Municipal Advisor Representative Qualification Exam
• Series 3 – National Commodity Futures Examination
• Series 7 – General Securities Representative Examination 

Michael O’Rourke is a registered broker in 37 states, the District of Columbia, and Puerto Rico. He is also a registered investment adviser in Connecticut and Texas.

He has also worked for the following firms:

• UBS Financial Services (CRD#:8174)
• UBS Warburg (CRD#:7654)
• Advest (CRD#:10)
• Dean Witter Reynolds (CRD#:7556)
• Kidder, Peabody & Company (CRD#:7613)
• Smith Barney, Harris Upham & Company (CRD#:7059)
• Drexel Burnham Lambert (CRD#:7323)

Kurta Law Can Help

If you worked with Michael O’Rourke and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.