Craig L. Siegel Broker Investigation

Financial Advisor Craig L. Siegel, Portfolio Advisors Alliance in New York, NY

Are you concerned about investments you made with Craig L. Siegel in New York, NY? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to public disclosures on FINRA’s website, Craig L. Siegel was reportedly suspended from the securities industry indefinitely after he allegedly failed to provide information in FINRA’s investigation.

According to his FINRA BrokerCheck report, Siegel was reportedly affiliated with Portfolio Advisors Alliance in New York, NY from June 2013 until August 2018. As of the date of this writing, he reportedly is not currently registered as a broker, according to his broker profile.

He purportedly has 3 pending customer complaints reported on his broker record since 2016. Allegations include “excessive trading, churning, unsuitable transactions, failure to supervise,” among others.

Siegel reportedly has one settled customer complaint from 2016 alleging, “Churning; unsuitability; breach of fiduciary duty; federal securities fraud; engaging in non-authorized trades; common law fraud; negligent supervision.”  The damage amount requested was reportedly $235,000 and the case settled for $20,000, according to his broker report.

Investigating Potential Lawsuits

The White Law Group is investigating potential lawsuits regarding the liability that Siegel’s former employers may have for failure to properly supervise him.

When brokers violate securities laws, such as making unsuitable investments or churning, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee. We represent investors in FINRA arbitration claims in all 50 states, including New York. Our attorneys have recovered millions of dollars from many brokerage firms in the past.

If you have suffered losses investing with Craig L. Siegel, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.

For more information on The White Law Group, and its representation of investors, please visit whitesecuritieslaw.com.