Shlomo Strugano, Former First Allied Broker, Barred During Forgery Investigation

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FINRA barred former First Allied Securities (Reseda, California) broker Shlomo Strugano aka Solomon Strugano after he failed to cooperate with an investigation into charges that he forged or falsified customer signatures and initials on account documents.

Strugano (CRD #3108780), who previously worked at Kovack Securities of Woodland Hills prior to First Allied, also lists in his BrokerCheck file Ikar Financial (Westlake Village, CA) and Imeril Insurance (Olympia, Washington) as additional business activities. In 2009, Essex National Securities of Calabasas permitted Strugano to resign during an investigation into unauthorized e-mail communications with the public; in 2005, Strugano settled a complaint alleging misrepresentation over a variable annuity product.

A settled customer dispute from January 2019 alleged forgery and omissions, while two pending customer disputes filed afterward allege unsuitable investments, unauthorized transactions, poor performance, and forgery of client signatures.

BrokerCheck indicates that the two pending disputes were filed by the aggrieved clients' daughter (#1) and niece (#2).

In the past, when an incapacitated family member such as an elder with diminished mental capacity suffers a fraud, as occurred with MML Investors Services (Irvine) broker Nicholas Randolph Radke allegedly defrauding an elderly customer who subsequently died or Wells Fargo broker Michael Davis Garris purportedly trading in a deceased customer's account, it often falls to the clients' children or estates to come to their defense.

The report in AWC #2018060982602 states that FINRA barred Strugano after he told investigators that he would not provide testimony as requested.

If you have invested with former First Allied (Reseda) and Kovack Securities (Woodland Hills) broker Shlomo Strugano or with any broker or investment adviser who forged or fabricated account documents, or otherwise engaged in transactions without your consent that proved harmful to your financial interests, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.