Victim of Financial Fraud? Call Now
Home » Broker Blog » Investors Seek Six Figures in Disputes with Avi Bialo

Investors Seek Six Figures in Disputes with Avi Bialo

Avi Bialo (CRD #: 6165479), a broker registered with Arete Wealth Management, is involved in a pending dispute, according to his BrokerCheck record, accessed on September 10, 2022. Investors may have also engaged his services through Arete Wealth Advisors. If you want to know more about his conduct as a broker, keep reading.

Investor Dispute

On June 6, 2022, an investor alleged that Avi Bialo gave unsuitable investment recommendations in June and October 2020. The client seeks $350,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently fit an investor’s financial goals. Brokers must consult an investor’s profile, which describes their risk tolerance, tax status, and other client characteristics.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recoup their funds through FINRA arbitration. Most investor agreements include a predispute arbitration clause, which requires that investors use FINRA arbitration rather than a civil suit. 

Background Information

Avi Bialo has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Avi Bialo is a registered broker in Arizona, California, Colorado, and Nevada. He is also a registered investment adviser in six states.

Kurta Law Can Help

If you worked with Avi Bialo and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

Recent Results

$16.75M

Million

Recovery for ARC NYC REIT Investors
Learn More
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The arbitration settled for substantially more than the investor losses.

Recent Results

$9.3M

Million

Investors Receive Award for More than their Losses
Learn More
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades.

Recent Results

$7.1M

Million

Elderly Victims Recover After a Decade of Fraud
Learn More
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade.

Recent Results

$4.2M

Million

Investor vs. Royal Alliance
Learn More
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.

Recent Results

$1M

Million

Utah Firm Executed Unnecessary Transaction
Learn More
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.

Recent Results

$2M

Million

Arizona Investors Options Trading Scam
Learn More
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.

Categories