The Silver Law Group has filed an arbitration claim before FINRA on behalf of two Florida teachers alleging, among other things, that financial advisor Curtis Milakovich (CRD# 5471527) churned their accounts while two national broker/dealers turned a blind eye.
The claim also alleges that the two national broker/dealers did not follow adequate policies and procedures to address the misconduct and failed to follow up on the red flags that would have alerted them to the misconduct being perpetrated on the clients who lost significant portions of their retirement savings. At times, Milakovich operated as Aspire Wealth Management.
Excessive trading or “churning,” as it is known in the industry, is the act of a broker who excessively and needlessly engages in trading in a client’s account primarily to generate commissions for the broker on each trade without regard for the client’s financial well-being. Churning is an illegal and unethical practice that violates SEC rules and securities laws.
Our lawyers have extensive experience representing investors who have lost money due to the misconduct of their financial advisor. We are currently involved in multiple cases against brokerage firms for mismanagement of customers’ accounts and/or the broker/dealer’s failure to properly supervise its financial advisor.
Silver Law Group is a nationally recognized securities and investment fraud law firm that handles all securities arbitration matters on a contingency fee basis. The Law Firm, at no cost to investors will review account activity and account statements to determine whether there was any misconduct, whether there are damages and the legal causes of action.
The Law Firm has successfully recovered multi-million dollar awards for its clients in a wide variety of investment fraud cases throughout the country. If you have questions about your legal rights, or have been the victim of investment fraud, contact Scott L. Silver to discuss your legal matter in a free consultation. CONTACT: Silver Law Group, 11780 W. Sample Road, Coral Springs, FL 33065; Telephone: (800) 975-4345 (Toll Free); Web site: www.silverlaw.com; E-mail: ssilver@silverlaw.com