1, Report:
#815240
Posted Date:
Dec 29 2011
Neuberger Berman - Francis Fraenkel Illegal Hedging of Clients' Cash for benefit of the Broker New York, New York
While being a client of Neuberger Berman I had a large % of my money kept in Cash. The money was shuffled around, commissions paid out, and the money was lost. I found out that my Financial Manager used my money to invest it for himself (a criminal violation). Some of the statements...
Entity
Neuberger Berman
Categories: Brokerage Companies
2, Report:
#812704
Posted Date:
Dec 22 2011
Neuberger Berman Francis L. Fraenkel Theft of $3 million, Violation U and other violations with margin account, Illegal Hedging of client's money, refusal to sell securities resulting in severe losses. Internet
I was a client of Neuberger Berman/Lehman for several years. Francis Fraenkel, their Managing Director, was my financial manager. In March of 2008 he expressed open intent to lose $1 Million.During that time (2007-2010) my portfolio was consistently diminishing in value, $3 mil...
Entity
Neuberger Berman
Categories: Brokerage Companies