Jerome Samuel Aron (CRD# 5213998) is a financial advisor currently working at Signet Wealth Management, which operates under the business name LPL Financial. With over 11 years of experience in the financial industry, Aron has built a reputation as a wealth manager. However, recent complaints and investigations related to his professional conduct have raised concerns among investors.
Haselkorn & Thibaut Investigation
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National investment loss lawyers Haselkorn & Thibaut have initiated an investigation into broker/advisor Aron in relation to claims that he may have unsuitably sold GWG L Bonds to his customers. The investigation aims to determine whether Aron’s recommendations to invest in these bonds were suitable for his clients, taking into account their investment objectives, risk tolerance, and financial circumstances. Call us now for a free consultation at 1-800-856-3352. No Recovery, no fee.
GWG News
As of the latest news on GWG Holdings, the company has been marked as potentially delisted and may not be actively trading. GWG Holdings continues to navigate the bankruptcy process, leaving many questions unanswered for L bondholders. A recent update on April 17, 2023, suggests that the liquidation options have become clearer, but recovery for bondholders remains uncertain.
GWG Holdings filed a second amended joint plan of reorganization with a related disclosure statement in the US Bankruptcy Court on March 22, 2023. The latest plan, expected to be filed on or about March 14, 2023, proposes liquidation for GWG through the establishment of two liquidation trusts. Creditors are likely to vote on the plan in the coming months.
A class-action lawsuit has been filed against GWG Holdings for violations of securities laws, and investors who purchased the company’s securities, including L Bonds and Preferred Stock of GWG, are encouraged to join the case to recover their losses. The lawsuit alleges that the company could only repay past investors using securities sold to new investors, creating a Ponzi scheme, and as a result, the company’s public statements were false and materially misleading.
In summary, GWG Holdings is currently undergoing the bankruptcy process, with the latest updates suggesting liquidation through the establishment of two liquidation trusts. A class-action lawsuit has been filed against the company for securities law violations, and affected investors are encouraged to join the case to recover their losses.
Broker-Dealer Regulations and FINRA
A brokerage firm, also known as a broker-dealer, is a business that buys and sells securities, such as stocks, bonds, mutual funds, and other investment products, on behalf of its customers or for its own account. The Financial Industry Regulatory Authority (FINRA) is responsible for overseeing and regulating these firms and their brokers to ensure they comply with industry rules and regulations.
BrokerCheck is an online tool provided by FINRA that allows investors to check whether a person or firm is registered to sell securities or offer investment advice, as required by law. The tool also provides a snapshot of a broker’s employment history, regulatory actions, investment-related licensing information, arbitrations, and complaints. Investors can use BrokerCheck to verify the registration status and background of Jerome Samuel Aron (CRD# 5213998) and Signet Wealth Management (doing business as LPL Financial).
Choosing a Broker
When looking for a broker or financial advisor, it is important to conduct thorough research to ensure they are reputable, experienced, and properly registered. NerdWallet’s list of Best Online Brokers for Stock Trading, last updated in April 2023, includes Fidelity, E*TRADE, Merrill Edge, Interactive Brokers IBKR Lite, J.P. Morgan Self-Directed Investing, Webull, TD Ameritrade, and Robinhood.
Protecting Yourself from Fraud
Investors should be cautious when dealing with financial advisors and brokers, as fraudsters may attempt to steal personal information or money through phishing scams and other fraudulent activities. FINRA advises investors to verify the identity of their brokers and brokerage firms before conducting any transactions.
Investors who have suffered losses due to the misconduct or negligence of their financial advisors can seek to recover those losses through the Financial Industry Regulatory Authority (FINRA) arbitration process with the help of experienced lawyers.
FINRA Arbitration Process
FINRA arbitration is an alternative to state or federal court litigation, allowing investors to resolve disputes with their brokerage firms or brokers. Typically, an arbitration panel consisting of three arbitrators will review the evidence, hear the arguments, and render a decision, which is usually final and binding on all parties involved.
Investors can file an arbitration claim or request mediation through FINRA when they have a dispute involving the business activities of a brokerage firm or one of its brokers. The alleged act resulting in the claim must have taken place within the past six years.
Working with a FINRA Arbitration Lawyer
To recover losses through FINRA arbitration, investors should hire an experienced FINRA arbitration lawyer. A qualified lawyer will thoroughly review the details of the case, ensuring that the broker’s negligence or misconduct contributed to the losses and not simply due to “bad luck” or “market risk”. It is essential to choose a lawyer who specializes in FINRA arbitration cases to protect your investor rights and financial interests.
Haselkorn & Thibaut has over 50 years of experience in helping investors recover their losses through the FINRA arbitration process. InvestmentFraudLawyers.com is available to help investors with losses of any size, whether big or small.
What to Expect During FINRA Arbitration
During the FINRA dispute resolution process, a panel of one to three arbitrators will hear the investor’s claim. The process involves presenting arguments, examining key documents, listening to witness testimonies, and ultimately receiving a ruling from the arbitrators. While the arbitration process can be lengthy and confusing, hiring an experienced FINRA arbitration lawyer can help guide investors through the entire process and maximize their chances of recovering losses.
In conclusion, investors who have experienced losses due to the misconduct or negligence of their financial advisors can seek to recover those losses through the FINRA arbitration process. By working with an experienced lawyer who specializes in FINRA arbitration cases, investors can navigate the complex process and increase their chances of successfully recovering their losses.
Haselkorn & Thibaut: Investment Fraud Lawyers
If you have concerns about the conduct of Jerome Samuel Aron or any other financial advisor, it is crucial to seek legal advice from experienced investment fraud. Haselkorn and Thibaut specialize in fighting for investors nationwide and have offices in Florida, New York, North Carolina, Arizona, and Texas. We have over 50 years of experience and a 98% success rate. Call us now for a free consultation at 1-800-856-3352. No Recovery, no fee.
