Securities Arbitration Investment Fraud Lawyers » Misappropriation of Funds » Jeffries Stockbroker Of Unsuitable Recommendations

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Marcelo Javier Poliak (also known as Marcelo Juvier Poliak) of Miami Florida a stockbroker currently registered with Jeffries LLC is the subject of a customer initiated investment related complaint on September 8, 2020 where the customer sought compensatory damages based upon accusations that they had been placed into a hedge fund that was unsuitable for them as it did not align with their objectives for investing. The complaint alleges that the customer had been inappropriately dissuaded from liquidating the investment after it had poorly performed.

This is not the first time that Poliak has been accused of wrongdoing by a customer of a securities broker dealer. FINRA Public Disclosure also confirms that on July 10, 2017, a customer filed an investment related complaint regarding Poliak’s conduct in which the customer sought $27,427.95 in damages founded on allegations of Poliak having concealed the repayment structure and risks of a foreign debt investment. According to the claim, the Wells Fargo customer had been told to remain in the investment after it declined in value.

On May 9, 2017, Poliak’s stockbroker and investment adviser representative registrations at Wells Fargo were terminated. Since May 5, 2017, he has been registered with Jeffries LLC as a stockbroker, and since July 20, 2017, he has been registered with Leucadia Asset Management LLC as an investment adviser representative.