Angelo Talebi of Sherman Oaks California a stockbroker formerly registered with Independent Financial Group LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $150,000.00 in damages founded on allegations that the customer had been placed into unsuitable alternative investments because of Talebi at Royal Alliance Associates. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-01895 (Aug. 18, 2020).
FINRA Public Disclosure confirms that Talebi has been identified in 35 additional customer initiated investment related disputes regarding accusations of his misconduct during the period that he was employed by securities firms including LPL Financial, Woodbury Financial Services and Royal Alliance Associates. On January 2, 2018, a customer initiated investment related FINRA securities arbitration claim regarding Talebi’s conduct was settled for $160,000.00 in damages supported by allegations including negligence and breach of contract as it pertained to the customer’s investments in non-traded real estate investment trusts, annuities and insurance products. FINRA Arbitration No. 17-02208.
Another customer initiated investment related civil action involving Talebi’s conduct was resolved for $328,650.00 in damages based upon accusations that the customer was placed into an unsuitable limited partnership by Talebi when he was associated with LPL Financial. FINRA Arbitration No. BC664160 (June 13, 2019). The claim alleges that Talebi made misrepresentations to the customer regarding limited partnerships. Talebi is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages founded on accusations that Talebi effected an unsuitable non-traded REIT purchase while at LPL Financial. FINRA Arbitration No. 19-03540 (Jan. 22, 2020).
Talebi is the subject of a different customer initiated investment related FINRA securities arbitration claim which was settled for $30,000.00 in damages based upon allegations that the customer was placed into unsuitable alternative investments and that there were misrepresentations concerning an annuity, real estate security and corporate bond. FINRA Arbitration No. 18-04450 (Mar. 5, 2020).
On September 10, 2020, another customer initiated investment related FINRA securities arbitration claim regarding Talebi’s conduct was resolved for $10,000.00 in damages supported by accusations that the customer had been sold investments that were not suitable given the customer’s objectives for investing. FINRA Arbitration No. 19-02898. The claim alleges that the customer was placed into costly and risky BDC and REIT investments.
