Angelo Talebi, of Beverly Hills, California, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related written complaint on September 21, 2017, in which the customer requested $39,298.00 in damages based upon allegations that Talebi made misrepresentations to the customer and effected a purchase of a real estate investment trust that was not suitable for the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Talebi has been identified in two additional customer initiated investment related disputes since his September 14, 2016 termination from LPL Financial Services.
Specifically, a customer filed an investment related arbitration claim involving Talebi’s conduct, where the customer sought $129,407.74 in damages founded on accusations of the violation of laws of the State of California; fraud; misrepresentation and omission; and suitability concerning illiquid real estate investment trust, variable annuity and business development company products transactions effected between 2013 and 2016. FINRA Arbitration No. 17-02208 (Aug. 24, 2017).
Moreover, a customer initiated investment related arbitration claim involving Talebi’s conduct was settled for $30,000.00 in damages supported by accusations of suitability and misrepresentation relating to a customer’s limited partnership fund purchase. FINRA Arbitration No. 17-00607 (Nov. 7, 2017).
Talebi was subsequently employed with Independent Financial Group, LLC until April 29, 2016.
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