First Allied Securities
In 2010, First Allied Securities paid a nearly $2 million settlement with the Securities and Exchange Commission (SEC) for failing to supervise a broker who engaged in fraudulent trading activities. Clients were unaware of the First Allied Securities fraud that involved their accounts.
We continue to examine the circumstances of those unauthorized transactions by the San Diego-based firm. If you lost money investing with the broker-dealer and would like to explore a First Allied Securities lawsuit or arbitration, set up a no-obligation consultation with one of our attorneys.