There are options for clients of Arete Wealth Management, LLC broker Avi Bialo (CRD# 6165479) who lost money due to unsuitable recommendations in alternative investments. He has been registered with Arete Wealth Management, LLC in Los Angeles, California, since 2013.
Avi Bialo Customer Complaints
He has been the subject of four customer complaints in 2022, according to his CRD report:
January 2013. “Client alleges unsuitable investment recommendations in June 2017.” The customer is seeking $118,000 in damages and the case is currently pending. The complaint was regarding alternative investments.
December 2022. “Client alleges unsuitable investment recommendations between December 2018 and November 2020.” The customer is seeking $160,000 in damages, and the case is currently pending. The complaint was regarding alternative investments.
October 2022. “Customer alleges unsuitable investment recommendations.” The customer is seeking $50,000 in damages, and the case is currently pending. The complaint was regarding alternative investments.
June 2022. “Client alleges unsuitable investment recommendations in June and October 2020.” The customer is seeking $350,000 in damages, and the case is currently pending. The complaint was regarding alternative investments.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Arete Wealth Management, LLC may be liable for investment or other losses suffered by Avi Bialo’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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