Avi Bialo, with Arete Wealth Management, Subject of Several Complaints
LOS ANGELES, CALIFORNIA
Did you invest with stockbroker Avi Bialo from Los Angeles, California? Our investment fraud law firm is looking into claims made against Avi Bialo, who has been affiliated with Arete Wealth Management since June 2013.
Avi Bialo’s BrokerCheck (a publicly available website that discloses complaints or regulatory actions made against financial advisors) report reveals that Bialo has been the subject of four customer complaints since June 2022. Each of the complaints alleges investment losses in “alternative” investments, and it is believed that some of Bialo’s clients invested in GWG. The sum of the losses alleged in all four complaints totals over $600,000.
Arete Wealth Management is a broker-dealer based in Chicago, Illinois and has faced numerous claims for selling investments in GWG, including GWG L Bonds. GWG investments carried significant risk, and GWG Holdings filed for bankruptcy protection in April 2022, which likely means that investors will have suffered significant losses in their GWG investments. If a recommendation to invest in GWG L bonds was unsuitable for a customer, then Bialo and Arete Wealth Management could be responsible for any investor losses.
Israels & Neuman is a securities arbitration law firm and currently represents multiple investors who lost money in GWG L bonds. Our investment fraud law firm represents investors throughout California.
View Bialo, a BrokerCheck 2.20.23