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.
The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at 800.931.8452 or by email at firstname.lastname@example.org.
- Investment Loss Recovery Options For Investors In The 1INMM Capital, LLC Ponzi Scheme Perpetrated By Actor Zachary Horwitz a/k/a Zachary Avery
- J.W. Cole Financial, Inc. Sanctioned by FINRA for Sales Practices Relating To Sales And Supervision Of LJM Preservation & Growth Fund
- Cambridge Investment Research, Inc., Sanctioned by FINRA for Sales Practices Relating To Sales And Supervision Of LJM Preservation & Growth Fund
- Former Torch Securities Broker Jeremy Johnson Barred By FINRA After Allegedly Making Misrepresentations To Customers
- Former Lincoln Douglas Investments Broker Herbert G. Frey Sanctioned By FINRA For Alleged Unauthorized Trading
- Two Customer Complaints Pending Against Ausdal Financial Partners, Inc. Investment Advisor and Broker Kurt Baldry
- Concorde Investment Services Broker, Mark Huber, Has Two Customer Complaints, Alleging Sales Practice Misconduct
- Unsuitability Allegations Pending Against Previously Registered Voya Financial Advisors, Inc. Financial Advisor and Broker David R. Wall
- Common Types of Alternative Investments
- Did You Purchase GPB Capital Holdings Private Placements Through McNally Financial Services Or Daniel Poland