Securities Lawyers Blog
According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Samuel Annitto (Annitto), previously associated with Benjamin F. Edwards & Company, INC., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Annitto concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $100,000.00 on January 25, 2021.
Claimant alleges that since 2014, she was sold unsuitable investments with high commissions without explanation of the risks involved and that improper withdrawals by a co-trustee were allowed to go unchecked.