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Site: nb.com
Found 2 reviews / complaints

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

I was a client of Neuberger Berman/Lehman for several years. Francis Fraenkel, their Managing Director, was my financial manager. In March he expressed open intent to lose $1 Million. During that time my portfolio was consistently diminishing in value, $3 million loss. He made $4 million worth of ...