Thursday, December 17, 2020

Sallah Astarita & Cox $1.8 Million Whistleblower Award

A former South Florida Morgan Stanley Smith Barney broker’s decision to blow the whistle on alleged misconduct has resulted in an almost $1.8 million award from the Securities and Exchange Commission, which said the complaint helped uncover crucial evidence and claw back millions for investors.

Represented by James Sallah of Sallah Astarita & Cox, LLC and Scott Silver of Silver Law Group the complaint revolved around a foreign currency trading program called “CitiFX Alpha.” Brokers went on to recommend that clients invest in the program to offshore clients between August 2010 and July 2011, but investors lost millions when it imploded.

The SEC called the former broker’s assistance ”extraordinary” in a press release that said it would have struggled to uncover what it did without the tip.

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The attorneys at Sallah Astarita & Cox, LLC include former SEC Staff Attorneys and brokerage firm attorneys. The firm represents investors, financial professionals and whistleblowers across the country in a wide range of securities regulatory and litigation matters. To discuss potential representation, call the firm at 212-509-6544 or email mja@sallahlaw.com

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