ATLANTA, Dec. 03, 2021 (GLOBE NEWSWIRE) — National investor fraud law firm KlaymanToskes (“KT”) announces it is preparing to file a FINRA arbitration claim against Oppenheimer & Co. (NYSE: OPY) on behalf of a former Delta Air Lines (NYSE: DAL) pilot who sustained over $1M in losses in Horizon Private Equity III. KT is focusing on Oppenheimer’s role in enabling the massive alleged Horizon Ponzi scheme devised by Marietta, Georgia resident and former Oppenheimer registered representative, John Woods, which was operated through his firm, Southport Capital.

From 2008 to 2016, John Woods and his brother Jim Woods allegedly solicited a significant number of customers from Oppenheimer, including Delta Air Lines pilots, to invest in Horizon while Woods was registered as a broker and investment adviser with the brokerage firm. Investors were told they would earn a return by investing in government bonds, stocks or real estate projects.

However, Horizon has allegedly not earned any significant profits from these investments, and were only able to pay the guaranteed return to existing investors by raising and using new money. According to securities attorney Lawrence L. Klayman, Esq. “Harmed investors may not be able to recover their money through the SEC action, and those who do may receive substantially less than their losses. Investors should consider filing a FINRA arbitration claim to recover investment losses.”

The sole purpose of this release is to…

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