Previously registered broker Shlomo Strugano (also known as Shlomy Strugano, and Solomon Strugano) is under FINRA investigation as to whether he allegedly forged or falsified customer signatures and initials on account and transaction documents according to FINRA’s Letter of Acceptance Waiver and Consent (AWC), under review by attorney Alan Rosca.
Investor rights attorney Alan Rosca of the Rosca Scarlato LLC law firm and his colleagues are investigating activity related to Shlomo Strugano’s alleged forgery. Investors who are concerned they have lost money with Shlomo Strugano are encouraged to contact attorney Alan Rosca or his colleagues with any useful information or for a free, no obligation case evaluation and discussion of potential options. Call 888-998-0530, send an email at arosca@rscounsel.law, or through the contact form on this webpage.
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Shlomo Strugano Has Multiple Customer Disputes Reported on His Brokercheck
The most recent customer dispute on Strugano’s FINRA Brokercheck page was filed in June 2020 alleging unsuitable alternative investments recommendations and misappropriation of money through an outside power of attorney entity.
The dispute further alleges unsuitability, breach of fiduciary duty, negligence, misrepresentation and elder abuse, all occurring while Strugano was registered with First Allied Securities. The customer is seeking $750,000 for the alleged damages, and as of the date of this article the dispute shows as pending.
Another customer file a dispute in September 2019 alleging recommendation of several unsuitable investments and frogery of client signature on account documents. The product type involved is a real estate security and the employing firm is Kovak Securities, FINRA reports. The customer is requesting damages believed to be greater than $5,000.
Strugano’s Brokercheck page also shows a customer filed a dispute in January 2019 alleging forgery and omission in connection to a variable annuity product. The customer requested unspecified damages and agreed to a a settlement in August 2019 to the tune of $51,000.
Another customer file a dispute in October 2005 alleging that while he was registered with Essex National Securities, Strugano misrepresented his additional contribution into his current variable annuity. The customer received a settlement of $2,811.62 in November 2005.
FINRA Has Barred Shlomo Strugano for Failure to Appear and Provide Testimony During FINRA’s Investigation
FINRA sent a request to Strugano to appear for on-the-record testimony in connection to their investigation into whether he allegedly forged or falsified customer signatures and initials on account and transaction documents according to the AWC.
The AWC further states Shlomo Strugano informed FINRA staff that he would not appear and provide testimony at any time despite receiving FINRA’s request. As a result of Strugano’s alleged misconduct, he has been barred indefinitely from associating with any FINRA member firm in all capacities.
Shlomo Strugano signed the AWC accepting and consenting to FINRA’s findings, without admitting or denying the findings, and solely for the purposes of the proceeding brought by or on behalf of FINRA, prior to a hearing and without an adjudication of any issue of law or fact.
Shlomo Strugano Was Registered with FINRA for 16 Years
According to Strugano’s FINRA Brokercheck page, he was registered with FINRA since 1999 and switched employers eleven times. His most recent employer includes First Allied Securities located in Reseda, California from May 2015 until December 2018.
He was also employed with Kovack Securities located in Woodland Hills, California from June 2011 until May 2015.
In addition, Shlomo Strugano was previously registered with nine other FINRA member firms from December 1999 through June 2011.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
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Potential Options for Shlomo Strugano Investors
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or broker misconduct and we are currently investigating Shlomo Strugano’s alleged forgery and bar by FINRA.
The firm takes most cases of this type on a contingency fee basis and advances the case costs, we only get paid for fees and costs out of money we recover for clients. Attorney Alan Rosca, securities lawyer and adjunct professor of securities regulation has represented thousands of investors who experienced losses at the hands of their brokers across the county and around the world in cases ranging from arbitrations to class actions.
Shlomo Strugano investors concerned about potential losses caused by alleged forgery may contact attorney Alan Rosca or his colleagues for a free, no obligation evaluation of their potential options by calling 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this page.
