Serious Allegations Against Saturna Capital Corporation and Monem Salam
On June 14, 2023, a pending customer dispute was logged against Saturna Capital Corporation (“SCC”) and its affiliate, Saturna Brokerage Services (“SBS”). The SCC, a registered investment-adviser, and SBS, a provider of trading and custody services, are facing serious allegations from an advisory client, the MW Trust (the “Claimant”).
The Claimant alleges that Monem Salam (“Salam”), the portfolio manager to the Trust, failed to act according to their instructions. The instructions were clear: should the value of their portfolio drop to $1,800,000, it was to be liquidated. However, the Claimant alleges that their portfolio was liquidated contrary to their wishes, at an aggregate market value of $1,823,000.
Adding fuel to the fire, the Claimant alleges that they immediately contacted SBS to discuss the matter, but Salam delayed in returning their request for discussion for three weeks. This delay, coupled with the premature liquidation of the portfolio, allegedly caused the Claimant to miss out on $317,000 in subsequent market appreciation. This is a serious allegation that warrants thorough investigation.
Investigation by Haselkorn & Thibaut
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Haselkorn & Thibaut, a national investment fraud law firm, is currently investigating these allegations against SCC, SBS, and Salam. With offices in Florida, New York, North Carolina, Arizona, and Texas, the firm boasts over 50 years of experience in the investment and financial industry.
- The firm is renowned for its successful financial recoveries for investors.
- They have a staggering 98% success rate.
- They offer a “No Recovery, No Fee” policy, ensuring that clients are not burdened with fees unless they win.
Haselkorn & Thibaut is offering a free consultation to clients who may have been affected by these allegations. The firm can be contacted at 1-800-856-3352.
FINRA Arbitration: A Path to Recovery
For investors who may have suffered losses due to these allegations, there is hope. The Financial Industry Regulatory Authority (FINRA) Arbitration is a platform that can help investors recover losses. It’s a streamlined, simplified process that resolves disputes quickly and efficiently.
Haselkorn & Thibaut has a wealth of experience in representing clients in FINRA Arbitration. With their impressive track record, they are well-positioned to help investors navigate this process and potentially recover their losses.
Take Action Now
If you believe you’ve been affected by the actions of SCC, SBS, or Salam, don’t hesitate to reach out to Haselkorn & Thibaut. Their expertise and commitment to their clients make them a strong ally in the fight to recover your losses.
Remember, the first consultation is free, and with a “No Recovery, No Fee” policy, you have nothing to lose. Call 1-800-856-3352 today.
