1.800.931.8452
We can help recover your investment loss. Free consultations, always. CONTACT US

Financial Advisor, Roy Failla, Has Pending Customer Complaint For Unauthorized Trading And Unsuitable Investment Recommendations

The Wolper Law Firm is currently investigating claims against Roy Failla, a Financial Advisor at First Standard Financial Co. in Red Bank, NJ. Roy Failla has been in the securities industry since the 1990s and previously worked at Alexander Capital.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on May 29, 2018, a customer filed a complaint against Roy Failla, alleging “CLIENT IS ALLEGING UNAUTHORIZED TRADING AND UNSUITABLE INVESTMENTS.” The alleged damages are $1.5 million and the matter remains pending.

Roy Failla has two other customer complaints reflected on his FINRA disclosure report:
• May 2010—Customer alleged “churning, unsuitable trades and misrepresentation.” The matter was settled for $40,000.
• February 2010—Customer alleged “excessive and unauthorized trading, fraud and breach of fiduciary duty.” The matter was settled for $75,000.

A For a full copy of Roya Failla’s FINRA disclosure report, click https://brokercheck.finra.org/individual/summary/2786551#disclosuresSection.

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
If you or someone you know was a customer Roy Failla and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@wolperlawfirm.com to discuss your specific situation and the legal options available. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.

Now is the time to talk to an investment loss recovery lawyer. We can help recover your investment loss. Free consultations, always.

Main Office - Fort Lauderdale

1250 S. Pine Island Road
Suite 325
Plantation, FL 33324
Phone: (800) 931-8452
(954)-406-1231

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis

Additional Office Locations (by appointment only)

Atlanta

3355 Lenox Road
Suite 7
Atlanta, GA 30326

Indianapolis

13295 N. Illinois St.
Suite 314
Indianapolis, IN 46032

New York City

275 Madison Avenue
Suite 705
New York, NY 10016

Dallas

3102 Maple Ave.
Suite 400
Dallas, TX 75201

Irvine

2600 Michelson Drive
Suite 1700
Irvine, CA 92612

Portland

5933 NE Win Sivers Drive
Suite 205
Portland, OR 97220

Denver

7900 E. Union Ave.
Suite 1100
Denver, CO 80237

Naperville

1700 Park Street
Suite 103
Naperville, IL 60563

Seattle

1001 Fourth Ave.
#3200
Seattle, WA 98154

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis