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Bassam S. Salam, a former registered representative of Wunderlich Securities, Inc. in Birmingham, Michigan, was recently named in a customer complaint alleging unsuitability, unauthorized trading, and breach of fiduciary duty. Mr. Salam was also involved in a customer dispute in 2009, which resulted in a settlement being paid to the customer…
Hantz Financial Services, Inc. is a financial advisory firm with 16 branch offices and over 250 advisors located throughout Michigan and Ohio. In 2013, Hantz was fined $75,000 and publically censured by FINRA following allegations that it violated FINRA rules by failing to establish and maintain a reasonably designed supervisory…
In suitability cases, financial advisors invariably argue that they cannot be held liable for inducing a plaintiff to purchase an unsuitable investment if the risks associated with the investment were fully disclosed to the plaintiff in a prospectus or other offering document, even when the advisor’s oral representations regarding the…
Ronald D. Broadstone (CRD# 1043159 / New Albany, OH), a former registered representative and securities agent of UBS Financial, recently consented to a permanent bar from the securities industry after refusing to cooperate with a FINRA investigation into whether he misused or misappropriated customer assets, engaged in unauthorized trading, or settled a…