Erez Law is currently investigating Triad Advisors LLC broker Peter Alofsin (CRD# 2274434) regarding unsuitable investment recommendations in alternative investments. Alofsin has been registered with Triad Advisors LLC in West Warwick, Rhode Island since 2012.
Alofsin has been the subject of three customer complaints between 2006 and 2020, one of which was closed without action, according to his CRD report:
- July 2020. “Claimant now alleges, more than five years after the fact, that three alternative investments she elected to purchase in 2015 were not suitable.” The customer case is currently pending. The complaint was regarding real estate securities and direct investments. The principal amount invested in the three 2015 investments at issue was a combined total of $100,000.
- June 2020. “Claimants allege an unsuitable investment strategy between 2012-2015.” The case is currently pending. The complaint was regarding real estate securities and direct 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, Triad Advisors LLC may be liable for investment or other losses suffered by Alofsin’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.