GARY SAITOWITZ FROM ATLANTA, GEORGIA
Have you lost money with financial advisor Gary Saitowitz of Ridgeland and Atlanta, Georgia? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Gary Saitowitz. FINRA suspended Saitowitz from the securities industry for eighteen months, fined him $10,000, and ordered him to pay restitution of $11,455 after he allegedly had customers sign blank forms on at least 26 occasions and kept them in his files, in violation of the internal policies of the former firms that he worked for, including TransAmerica Financial Advisors.
He also was alleged to have recommended unsuitable concentrations of non-traded REITs (real estate investment trusts) to his customers. Saitowitz was also alleged to have failed to timely report three tax liens.
Gary Saitowitz was a financial advisor and registered representative of TransAmerica Financial Advisors from August 2012 to April 2014. He also worked with IFS Securities from May 2014 to June 2016 and with Kovack Securities from August 2009 to August 2012. He worked at branch offices in Atlanta, Georgia. His BrokerCheck report also discloses that he has three customer complaints on his record.
Brokerage firms like TransAmerica Financial Advisors have the responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Georgia in the past, including investors from the Atlanta area who lost money investing in the Morgan Keegan bond funds. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Saitowitz, Gary FINRA AWC
Click to view: Saitowitz, Gary BrokerCheck 1.4.17
HAVE YOU LOST MONEY WITH GARY SAITOWITZ OR TRANSAMERICA FINANCIAL ADVISORS?
CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION
Aaron Israels: (720) 599-3505
David Neuman: (206) 795-5798
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.