Richard Bernstein is a Nevada based securities broker. He has worked in the securities industry for thirty-five years. During his career, he has been registered with seven different securities firms.
His registrations include; Merrill Lynch (1983-1985), Bear, Stearns & Co. (1985-1988), Prudential Securities Incorporated (1988-1992), Salomon Smith Barney Inc. (1992-2003), UBS Financial Services (2003-2009), Morgan Stanley & Co. (2009-2015), and Wells Fargo Clearing Services (2015-Present).
Richard Bernstein’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.
In June 1994, a customer alleged unsuitable investments, unauthorized trading, breach of fiduciary duty, and failure to follow instructions. This case went to arbitration, where the customer was awarded $91,200 in damages.
In November 2008, a customer alleged that Bernstein failed to follow instructions to liquidate their accounts. This case was settled for $5,792.72 in damages.
In February 2017, a customer alleged that Richard Bernstein made unauthorized trades that conflicted with their investment objectives. The alleged transgressions taking place between February 2013 and July 2015. This case is currently pending. The customer is seeking $81,738.82 in damages.
In January 2019, a customer alleged unsuitable investments. The alleged transgressions taking place between 2015 and 2016. This case is currently pending. The customer is seeking an undisclosed amount in damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Richard Bernstein, please contact Oakes & Fosher for a free and private consultation.