Avi J. Bialo, of Encino, California, a stockbroker registered with Arete Wealth Management LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $12,000.00 in damages based upon allegations that Bialo made the unsuitable investment recommendation of alternative investments when Bialo was associated with Arete Wealth Management LLC. FINRA Arbitration No. 23-03622 (April 2, 2024).
FINRA Public Disclosure shows that Bialo is referenced in five other customer initiated investment related disputes concerning Bialo’s conduct while associated with securities broker dealers. On June 6, 2022, a customer filed an investment related FINRA securities arbitration claim involving Bialo’s conduct in which the customer requested $350,000.00 in damages based upon allegations that Bialo made unsuitable recommendations in alternative investments during the time that Bialo was associated with Arete Wealth Management LLC. FINRA Arbitration No. 22-01257.
On December 19, 2023, a FINRA securities arbitration claim involving Bialo’s conduct was settled for $27,500.00 in damages based upon allegations that Bialo gave unsuitable advice about alternative investments. FINRA Arbitration No. 22-02342.
Bialo was also referenced in a FINRA securities arbitration claim that was settled for $40,666.00 in damages based upon allegations that Bialo made unsuitable recommendations in alternative investments. FINRA Arbitration No. 23-00085 (February 19, 2024).
Bialo has been associated with Arete Wealth Management LLC in Encino, California since May 2, 2013.
