Unsuitable Municipal Bond Recommendations By Mamode Oozeerally and Hennion & Walsh? Options For Investors

AdobeStock_66548440-1-300x169Stoltman Law Offices is investigating Mamode Oozeerally, a broker with Hennion & Walsh in Parsippany, New Jersey. Mr. Oozeerally was accused of recommending unsuitable municipal bond purchases to customers, and he was also accused of “non payment of auction rate securities.” Both of these are against securities rules and regulations, and investors may be able to sue Hennion & Walsh if they suffered money losses because of Mr. Oozeerally’s unsuitable investment recommendations. A broker has an ironclad obligation to only recommend those investments that are suitable for his clients based on their ages, net worth, investment objectives, investment sophistication and other factors. If he does not, his brokerage firm can be sued on a contingency fee basis in the arbitration forum in order for investors to recover their losses. To find out how, please call 312-332-4200 to speak to one of our attorneys about your options. The call is free with no obligation. We are based in Chicago and Barrington, Illinois. Mr. Oozeerally is currently registered with Hennion & Walsh in Parsippany, New Jersey and has been since September 2000. He has two customer disputes against him, one of which is currently pending.

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