Notice to Clients of Former Assets Advisory, LLC Broker Michael Boothe
Posted on Monday, February 24th, 2020 at 9:03 pm
Erez Law is currently investigating former International Assets Advisory, LLC broker Michael Boothe (CRD# 2160227) regarding allegations of investment losses. Boothe was with International Assets Advisory, LLC in Ft. Lauderdale, Florida from 2014 to 2018 and previously with IAA Financial LLC in Delray Beach, Florida from 2009 to 2015.
Boothe has been the subject of two customer complaints between 2018 and 2019, one of which was denied, according to his CRD report:
February 2019. “Breach of fiduciary duty, negligence, breach of contract, fraud and violations of the conduct rules of FINRA.” The customer sought $200,000 in damages and the case was settled for $32,500. The complaint took place while Boothe was registered with International Assets Advisory, LLC and was regarding common and preferred stocks.
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, International Assets Advisory, LLC may be liable for investment or other losses suffered by Boothe’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.