Goldman Sachs Advisor Bruce Boyer: $2.3mm Options Complaint

New York City financial advisor Bruce Boyer (CRD# 6202938) allegedly omitted the risk associated with investment strategies he recommended, according to a recent investment complaint. Financial Industry Regulatory Authority records show that he is a broker registered with Goldman Sachs, where he has been employed since 2018.

Mr. Boyer’s BrokerCheck report discloses one investor complaint. Filed in August 2022, it alleges that as a representative of Goldman Sachs, he “failed to mention risk with respect to certain strategies” involving options investments. The pending complaint alleges damages of $2.3 million.

Investors should be aware that securities industry rules and standards forbid brokers like Bruce Boyer from failing to disclose material information regarding investments and strategies they recommend, as these omissions may lead their clients to invest in unsuitable products. As FINRA states in its online investor resources, “[e]xamples of information that may be considered material and that should be accurately presented to customers include: the risks of investing in a particular security; the charges or fees involved; company financial information; and technical or analytical information, such as bond ratings.” Brokers who omit material facts may be held liable for damages and/or subject to disciplinary action.

According to the Financial Industry Regulatory Authority, Bruce Boyer holds 53 years of securities industry experience. Based in New York, New York, he has been a broker with Goldman Sachs since 2018. He has no previous registrations. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 53 state licenses. (Information current as of December 8, 2022.)

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