Securities Lawyers Blog
According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Elvis Beslagic (Beslagic), previously associated with Td Ameritrade, INC., has been subject to at least 2 disclosable events. These events include one customer complaint, one regulatory event. Several of those complaints against Beslagic concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.
FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $120,750.10 on December 19, 2022.
Elvis Beslagic was named in a customer complaint that asserted the following causes of action: violation of Section 10(b) of the Securities Exchange Act of 1934 and Securities Exchange Commission Rule 10b-5 promulgated thereunder for churning, general anti-fraud, unsuitable securities and transactions as part of a scheme to defraud, discretionary and unauthorized trading and breach of fiduciary duty.