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Read MoreDavid Krumrey: Complaints Against The Woodlands Financial Advisor
Settled and pending investor complaints against former Woodlands, Texas broker and investment advisor David Krumrey (CRD#: 4121845) allege conduct including suitability violations, breach of contract, fraud, negligence, and more. Krumrey is a former representative of Oppenheimer & Company, according to information drawn from Financial Industry Regulatory Authority records.
A pending 2019 complaint alleges that as a representative of Oppenheimer & Company, David Krumrey recommended unsuitable investments, breached his fiduciary duty, violated state securities law, breached contract, and was negligent in his supervisory duties. The complaint alleges unspecified damages.
A 2018 complaint alleged that as a representative of Oppenheimer & Company, David Krumrey breached his fiduciary duty, acted negligently, engaged in unjust enrichment, and violated state securities law. The complaint resulted in an award to the customer of $250,120.11
A 2018 complaint alleged that as a representative of Oppenheimer & Company, David Krumrey breached his fiduciary duty, breached contract, acted negligently, committed fraud, and violated state securities law. The complaint reached a settlement of $150,000.
A 2017 complaint alleged that as a representative of Oppenheimer & Company, he breached his fiduciary duty, acted negligently, and breached contract in connection to energy investments. The complaint reached a settlement of $30,000.
A 2017 complaint alleged that as a representative of Oppenheimer & Company, he executed unauthorized transactions. The complaint reached a settlement of $35,000.
David Krumrey’s disclosure records also list one employment separation and one regulatory sanction: his 2017 discharge from Oppenheimer & Company over allegations he attempted to settle a customer complaint away from the firm, and a 2018 FINRA order barring him from association with any FINRA member in any capacity following allegations he failed to respond to a request for information.
David Krumrey is currently not registered as a broker or investment advisor. His employment history includes Oppenheimer & Company in The Woodlands, Texas; Stanford Group Company in Houston, Texas; and Merrill Lynch in Kingwood, Texas. He currently holds zero state licenses and has passed four securities industry qualification examinations.
