Written by The White Law Group• January 7, 2020• 7:52 pm• Blog, Current Investigations, Securities Fraud Articles

Shlomo Strugano Broker Investigation

Financial Advisor Shlomo Strugano, First Allied Securities in Reseda, CA

Are you concerned about investments with Shlomo Strugano in Reseda, CA? 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 records, Shlomo Strugano (Shlomy Strugano) has reportedly been barred from the securities industry as of January 6, 2019. Strugano reportedly refused to provide information in FINRA’s investigation into allegations of possible forgery or falsification of customer signatures and initials on account and transaction documents.

According to his FINRA BrokerCheck report, Strugano was reportedly affiliated with First Allied Securities in Reseda, CA from 2015 until 2018. Strugano reportedly has 4 customer complaints filed against him since 2018, according to his broker report. Two of the complaints are reportedly still pending. Allegations include unsuitable investments and unauthorized transactions, among others. In a settled dispute from January 2019, a client reportedly alleged “forgery and omission in 2016.” The settlement amount was reportedly $51,000, according to FINRA.

Strugano has reportedly been affiliated with 12 firms during his 16 year career in the securities industry, according to his broker report. Prior to his time spent working at First Allied, he was purportedly affiliated with Kovack Securities in Woodland Hills, CA for four years.

Investigating Potential Lawsuits

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

When brokers violate securities laws, such as making unsuitable investments or unauthorized transactions, 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 California. Our attorneys have recovered millions of dollars from many brokerage firms in the past.