First Allied Securities, Inc.
Affirm Your Rights with Investment Fraud Attorneys
First Allied Securities, Inc. is a privately-held company that operates
throughout the U.S.as a full-service broker-dealer. Founded in 1994, First
Allied is a subsidiary of Advanced Equities Financial Corp. Its primary
function is to support higher-producing independent financial professionals.
Headquartered in San Diego, the firm has nearly 1,000 financial advisors
in 500 branch offices. If you have suffered losses because of the fraudulent
actions of a First Allied broker, an investment fraud lawyer at Meyer
Wilson could provide you with the representation to recover your losses.
First Allied Securities, Inc. Misconduct
First Allied has a recent history of investor complaints. In 2014, four
investors brought a complaint against First Allied concerning broker Amram
Yahalom’s sale of stock in Luxtera, a technology start-up. Yahalom
sold Luxtera on a valuation that was more than 20 times its projected
revenue for 2008. The investors argue that Yahalom was deceptive and negligent
in his selling of Luxtera, which violates FINRA’s requirements for
The Financial Industry Regulatory Authority (FINRA) makes First Allied
Securities legally responsible for its brokers. Investors have the legal
right to suitable financial recommendations that align to their interests,
so if a broker offers negligent or unlawful investment advice, his or
her firm may be held responsible for any damages the investor suffers.
Losses as a result of broker misconduct can be recouped by the firm by
which the broker is licensed.
We Can Help You Pursue an Investor Claim
If you have suffered losses due to an unethical First Allied Securities
broker, you need experienced attorneys on your side to recover your losses.
Meyer Wilson attorneys won our clients over $350 million in arbitration
awards against investment firms, so we have the proven expertise and resources
to provide the representation you need. We conduct arbitration through
FINRA and the American Arbitration Association (AAA) for clients nationwide
To determine whether you have a case against First Allied Securities, Inc.
for your losses, call us or complete our online form for a
free case evaluation.