Articles Tagged with advisor fraud

shutterstock_70999552-300x200According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) Maxim Group LLC (Maxim Group) broker Michael Solomon (Solomon) has been subject to seven disclosed customer complaints.  Many of the customer complaints against Solomon allege churning or excessive trading.

In April 2018 a customer filed a complaint alleging that between January 2015 and December 2015 Solomon engaged in excessive and unsutable transactions causing $246,928 in damages.  The claim is currently pending.

In September 2009 another customer filed a complaint alleging churning among other causes of action.  An arbitration panel awarded the customer over $1 million in damages including attorneys fees and costs.