INVESTOR ALERT—Former First Allied Financial Advisor, Shlomo Strugano, Has Pending Customer Complaint, Alleging Forgery And Omission

Financial Advisor Shlomo Strugano Has Pending Customer Complaint Alleging Forgery And Omission

Shlomo Strugano is a former Financial Advisor at First Allied Securities in its Reseda, California branch office.  Shlomo Strugano has been in the securities industry since 1999 and previously worked at Kovack Securities and Western International Securities.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Shlomo Strugano has three customer complaints disclosed on his CRD, including one pending complaint, alleging sales practice violations:

  • January 2019—“Client alleges forgery and omission in 2016.”  Damages are unspecified.
  • December 2018—“Client’s niece alleges forgery and misrepresented net worth.”  Damages are unspecified.

In addition, Shlomo Strugano disclosed that he “voluntarily resigned” from Essex National Securities during its internal investigation into whether he had violated “firm rules concerning communication with the public.” 

For a copy of the 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 mwolper@wolperlawfirm.com.

Attorney Matthew Wolper

Matt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]