FINRA Said Triad Brokers Unsuitably Recommended LJM Preservation and Growth Fund
In December 2021, the Financial Industry Regulatory Authority (FINRA) censured and fined Triad Advisors $195K for allegedly failing to supervise its registered representatives that unsuitably recommended the LJM Preservation and Growth Fund (LJM) to customers.
The self-regulatory organization (SRO) contends that the broker-dealer allowed the sales to go through without first conducting the proper due diligence into the LJM Fund – especially while not having enough understanding about the Fund’s features and the risks involved.
The post Triad Advisors To Pay $195K Fine and More Than $510K in Restitution For LJM Fund Sales appeared first on Investor Lawyers Blog.
from Texas Bar Today https://ift.tt/3378yzX
via Abogado Aly Website
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