Did you lose money investing with Trevor Saliba (CRD# 2692057)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Trevor Saliba. If you suffered losses investing with Trevor Saliba, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of February 26, 2023, Trevor Saliba’s FINRA BrokerCheck Report contains the following:
BARRED: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
Disclosure Events
1 Regulatory Event
April 9, 2021 – The Securities and Exchange Commission (SEC) remanded a decision back to FINRA in which Saliba was barred from association with any FINRA member in all capacities. The SEC decision affirmed, in part, the findings of violations and remanded, in part, the proceeding back to the National Adjudicatory Counsel (NAC). The SEC affirmed FINRA’s finding that Saliba acted as a principal while he was restricted from doing so, thereby causing his member firm to violate interim restrictions imposed by FINRA, and sustained the bar imposed for this misconduct. The SEC also affirmed FINRA’s findings and sustained the bar imposed on Saliba for participating in an effort to obtain falsified compliance records from associated persons and provide them to FINRA. The SEC also affirmed FINRA’s findings that Saliba provided false testimony and failed to produce his work computers as requested by FINRA. The SEC remanded, however, with respect to FINRA’s finding
that Saliba also provided falsified compliance memoranda to FINRA. The SEC remanded for further explanation of the basis for FINRA’s finding of violation with respect to the compliance memoranda, and for reconsideration of the unitary sanction imposed for Saliba’s violations. The bar is in effect pending review. (FINRA Case #2013037522501)
Current and Previous Registrations
04/13/2012 – 12/31/2018 NMS CAPITAL ADVISORS, LLC. (CRD#:140356) BEVERLY HILLS, CA
09/19/2011 – 10/06/2015 NMS CAPITAL SECURITIES, LLC (CRD#:107401) BEVERLY HILLS, CA
09/02/2010 – 09/20/2011 ARQUE CAPITAL, LTD. (CRD#:121192) SCOTTSDALE, AZ
07/06/2010 – 08/27/2010 NEWBRIDGE SECURITIES CORPORATION (CRD#:104065) BEVERLY HILLS, CA
10/01/2009 – 06/14/2010 PURSHE KAPLAN STERLING INVESTMENTS (CRD#:35747) BEVERLY HILLS, CA
06/24/2009 – 10/01/2009 AFA FINANCIAL GROUP, LLC (CRD#:127648) CALABASAS, CA
01/20/1999 – 05/04/1999 TRIQUEST FINANCIAL, INC. (CRD#:6596) GLENDALE, CA
12/20/1995 – 02/04/1997 DEAN WITTER REYNOLDS INC. (CRD#:7556) PURCHASE, NY
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Trevor Saliba and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
