David Krumrey, Formerly of Oppenheimer & Co., Named in Customer Dispute Alleging Breach of Fiduciary Duty

The claimants are seeking $300,000 in damages for Krumrey’s alleged misconduct.

The Sonn Law Group is investigating allegations that David Krumrey committed misconduct. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

David Krumrey (CRD#: 4121845) was named in a customer dispute in April 2020 in which the claimants alleged breach of fiduciary duty, negligence, and breach of contract in connection with the management of their account from January 2016 to December 2017. The claimants are seeking $300,000.00.

Krumrey was discharged from Oppenheimer & Co. in August 2017 based on allegations that he attempted to settle a complaint away from the firm. 

Krumrey has six other disclosures on his BrokerCheck report.

July 2019 Customer Dispute

• Status: Settled
• Allegations: “Claimant asserts claim of unsuitability, breach of fiduciary duty, violation of state securities law, breach of contract and negligent supervision in connection with maintenance of claimant’s accounts. From 2010 to 2018.”
• Settlement Amount: $75,000.00

June 2018 Customer Dispute

• Status: Settled

• Allegations: “Claimants assert claims for breach of fiduciary duty, violation of state securities law, fraud, breach of contract, negligence, negligent misrepresentation and negligent supervision in connection with the maintenance of their account. From 2009 to 2018.”
• Damage Amount Requested: $250,000.00
• Settlement Amount: $150,000.00

February 2018 Customer Dispute

• Status: Award/Judgment
• Allegations: “Krumrey was a subject of the customer’s complaint against Oppenheimer & Co., Inc. that asserted the following causes of action: Breach of Fiduciary Duty, Negligence, Negligent Supervision, Respondeat Superior, Unjust Enrichment, and Violations of the Louisiana Securities Law.”
• Settlement Amount: $574.829.00

January 2018 Regulatory Judgment

• Initiated By: FINRA

• Allegations: “Respondent Krumrey failed to respond to FINRA request for information.”

• Resolution: Letter

• Sanctions: Bar

• Registration Capacities Affected: All Capacities

• Duration: Infinite
• Start Date: 4/6/2018
• Regulator Statement: “Pursuant to FINRA Rule 9552(h) and in accordance with FINRA’s Notice of Suspension and Suspension from Association letters dated January 3, 2018, and January 29, 2018, respectively, on April 6, 2018, Krumrey is barred from association with any FINRA member in any capacity. Respondent failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in any capacity.”

October 2017 Customer Dispute

• Status: Settled

• Allegations: “Claimant alleges negligence, breach of fiduciary duty, negligent supervision, and breach of contract related to energy investments. From 2009 to 2013.”
• Damage Amount Requested: $200,000.00
• Settlement Amount: $30,000.00

August 2017 Customer Dispute

• Status: Settled

• Allegations: “Client alleges that unauthorized transactions took place in his account. No time period specified, but client mentions May 2014 as when his account began being handled.”
• Damage Amount Requested: $91,000.00
• Settlement Amount: $35,000.00

Contact Us Today

The Sonn Law Group is currently investigating allegations that David Krumrey committed misconduct. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.