The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Shlomo Strugano. According to his publicly available FINRA BrokerCheck report, Shlomo Strugano has been the subject of multiple customer disputes.
Shlomo Strugano was a California based securities broker. He worked in the securities industry for sixteen years. During his career, he was registered with twelve different securities firms. He is no longer working as a registered securities broker in any fashion.
- WMA Securities (1999-2001)
- Discovery Capital Group (2001-2002)
- LH Ross & Company (2002)
- Galleon Merchant Banking (2002-2003)
- WM Financial Services (2003-2004)
- Essex National Securities (2004-2005, 2008-2009)
- Linsco/Private Ledger Corp. (2006)
- Citigroup Global Markets (2007)
- Western International Securities (2009-2011)
- Kovack Securities (2011-2015)
- First Allied Securities (2015-2018)
- In January 2019, a customer alleged that Shlomo Strugano omitted material facts and forged their signature. This case was settled for $51,000 in damages.
- In March 2019, a customer’s niece alleged that Shlomo Strugano executed unauthorized transactions that led to poor performance. This case is currently pending.
- In September 2019, a customer’s daughter alleged that Shlomo Strugano recommended multiple unsuitable investments and forged her parent’s signature on account documents. This case is currently pending.
- In January 2020, Shlomo Strugano was officially sanctioned by FINRA. The findings state that Strugano failed to comply with an investigation into the earilier allegations that he forged customer signatures on account documents. Due to this alleged failure to comply, Shlomo Strugano was barred from acting as a securities broker in any fashion.
What Does This Mean?
A customer’s signature is crucial in verifying whether or not they agreed to an act committed by a securities broker on their behalf. When a securities broker forges their customer’s signature, they have taken their customer’s right of having final say over their account away from them. This can often result in significant financial loss to the investor. This is because the types of investments that brokers usually forge signatures for are the ones they know the customer is not financially suited for.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Shlomo Strugano, please contact Oakes & Fosher for a free and private consultation. We handle cases on a contingency basis, which means there are no fees charged unless we collect for you.