Angelo Talebi of Sherman Oaks California a stockbroker formerly employed by Independent Financial Group LLC and Royal Alliance Associates Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in damages supported by accusations that (1) false or misleading statements had been made by the stockbroker concerning securities including real estate investment trusts and business development company products and (2) the customer was provided bad advice concerning speculative and expensive alternative investments given the customer’s objectives for investing. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-02898 (Sept. 27, 2019).
FINRA Public Disclosure reveals that Talebi is referenced in thirty-four more customer initiated investment related disputes pertaining to allegations of his misconduct while he was associated with securities broker dealers including LPL Financial and Royal Alliance. Specifically, Talebi is referenced in a customer initiated investment related arbitration claim which was resolved for $30,000.00 in damages founded on accusations that the customer had been placed into a limited partnership fund which was unsuitable; and misrepresentations had been made concerning the terms or risks of investments Talebi sold when he was associated with LPL Financial. FINRA Arbitration No. 17-00607 (Nov. 7, 2017).
Another customer initiated investment related arbitration claim concerning Talebi’s activities was settled for $15,000.00 in damages based upon allegations that during the period in which he was employed by Royal Alliance, contractual obligations had not been complied with; transactions violated FINRA Rules; unfounded statements relating to the customer’s investments were made by the stockbroker; and business development company, real estate investment trust and variable annuity investments failed to be suitable. FINRA Arbitration No. 17-02208 (Mar. 1, 2018). Talebi is also the subject of a customer initiated investment related arbitration claim where the customer sought $2,196,855.00 in damages supported by accusations of bad investment advice and false or misleading statements relating to a real estate security purchase. FINRA Arbitration No. 18-04450 (Dec. 28, 2018).
Also, Talebi is referenced in a customer initiated investment related complaint on April 18, 2019 in which the customer requested $60,000.00 in damages founded on allegations of the customer being placed in an unsuitable real state security between 2014 and 2019. Another customer initiated investment related civil action brought in the Superior Court of California that involved Talebi’s conduct was resolved for $328,650.00 in damages based upon accusations of false or misleading statements and unsuitable recommendations being made by Talebi concerning the customer’s purchase of interests in a limited partnership during the time that Talebi was associated with LPL Financial. Civil Action No. BC664160 (June 13, 2019).
Talebi’s employment with Independent Financial Group was terminated on April 29, 2016. The stockbroker was also terminated from LPL Financial for alleged misconduct on September 14, 2016.
