Triad Advisors Pays Fine and Restitution to Resolve FINRA Complaint
by Admin Istrator | January 11, 2022 4:04 pm
In December 2021, FINRA announced that it reached a settlement with Triad Advisors concerning it recommendation of the LJM Mutual Fund to customers. Here are the important details:
- From September 2016 until February 2018, Triad failed to conduct reasonable due diligence into the risks and features of the LJM Fund.
- Triad sold $2,267,000 in LJM to 58 customers.
- The value of the LJM fund dropped 80% during a period of extreme market volatility in February 2018.
- Triad Advisors agreed to a fine or $195,000 and was ordered to pay customer restitution of $510,256.57.
FINRA AWC with Triad Advisors
2019061651201-Triad-Advisors-LLC-CRD-25803-AWC-jlg[1]Download[2]
Did You Lose Money Investing with Triad Advisors?
Endnotes:
- 2019061651201-Triad-Advisors-LLC-CRD-25803-AWC-jlg: https://mdf-law.com/wp-content/uploads/2022/01/2019061651201-Triad-Advisors-LLC-CRD-25803-AWC-jlg.pdf
- Download: https://mdf-law.com/wp-content/uploads/2022/01/2019061651201-Triad-Advisors-LLC-CRD-25803-AWC-jlg.pdf
Source URL: https://mdf-law.com/triad-advisors-restitution/