Chief among the claims was that late last year, he discovered that one of the firm's newest wealth managers “was flipping preferred securities in a manner that was generating tens of thousands of dollars in commissions but causing losses or minimal gains for his clients and exposing (them) to unnecessary risks,” according to the complaint, which was filed in U.S. District Court in the Southern District of New York.
---
Financial professionals and investors who have issues with the securities industry or their investments call Sallah Astarita & Cox, LLC at 212-509-6544. The attorneys at Sallah Astarita & Cox, LLC have decades of experience representing investors, brokers and other financial professionals in a wide array of matters.