Former First Allied Securities Broker, Shlomo Strugano, Barred By FINRA For Failing To Cooperate In FINRA Investigation Into Allegagations That He Forged Or Falsified Customer Signatures
Shlomo Strugano (CRD # 3108780) was a former Financial Advisor at First Allied Securities, Inc. in Reseda, CA. Shlomo Strugano has been in the securities industry since 1999 and previously worked at Kovack Securities, Western International Securities, Essex National Securities, Citigroup Global Markets, Linsco/Private Ledger Corp., Essex National Securities, Inc. and WM Financial Services, Inc.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on January 6, 2020, FINRA sanctioned Shlomo Strugano, barring him from the securities industry, for failing to cooperate in FINRA’s investigation regarding allegations into whether he forged and/or falsified customers signatures and initials on account documents.
For a copy of Shlomo Strugano’s FINRA sanction, click https://www.finra.org/sites/default/files/fda_documents/2018060982602%20Shlomo%20Strugano%20CRD%203108780%20AWC%20va.pdf.
In addition, Shlomo Strugano has been the subject of five customer complaints, including the following:
- September 2019 – “Client’s daughter alleges that Representative recommended several unsuitable investments and may have forged client signature on account documents.” That matter is currently pending.
- March 2019 – “Client’s niece alleges unauthorized transactions and poor performance in her aunt’s accounts.” That matter is currently pending.
- January 2019 – “Client alleges forgery and omission in 2016.” The matter settled for $51,000.
For a copy of Shlomo Strugano’s CRD, click https://brokercheck.finra.org/individual/summary/3108780#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.
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