Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Corey Flaum (Flaum), previously associated with Market Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Flaum recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $5,000,000.00 on August 21, 2020.
Plaintiffs assert violations of the US Commodity Exchange Act and the common law doctrine of unjust enrichment. Plaintiffs allege that from at least January 1, 2008 through at least July 31, 2016, class members suffered damages as a result of fraudulent and manipulative trading practices by BNS and the individual defendants, specifically unlawful spoofing, in connection with the purchase and sale of gold, silver, platinum and palladium futures and options contracts. The allegations relate to the facts at issue in the Deferred Prosecution Agreement entered into between BNS and the US Department of Justice, and those described in orders of the US Commodity Futures Trading Commission filing and settling charges against BNS, all announced on August 19, 2020