Another prominent lawsuit filed in California Superior Court on May 3, 2018, may also force judicial guidance.
The victims included nurses, shopkeepers and municipal workers, and they all had given the majority of their cash — in many cases well into six figures — to Mustaphalli, Underwood said.
Because UBS and its branch officials failed to do anything about it, Marcano’s only choice was to quit, Malone claims, according to the website.
In May 2015, Diaz was barred by Finra from the industry. By April 2018, Diaz had racked up 55 disclosures.
According to the SEC, from October 2013 to June 2014, Chardan, an introducing broker, liquidated more than 12.5 billion penny stock shares for seven of its customers and ICBCFS cleared the transactions.