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Articles Posted in Triad Advisors

Triad Advisors To Pay $195K Fine and More Than $510K in Restitution For LJM Fund Sales

Published on: January 12, 2022 | by Shepherd Smith Edwards & Kantas, LLP

FINRA Said Triad Brokers Unsuitably Recommended LJM Preservation and Growth Fund

In December 2021, the Financial Industry Regulatory Authority (FINRA) censured and fined Triad Advisors $195K for allegedly failing to supervise its registered representatives that unsuitably recommended the LJM Preservation and Growth Fund (LJM) to customers.

The self-regulatory organization (SRO) contends that the broker-dealer allowed the sales to go through without first conducting the proper due diligence into the LJM Fund – especially while not having enough understanding about the Fund’s features and the risks involved.

Triad Advisors To Pay $194K For Supervisory Failures Involving Short-Term Trading of Mutual Fund Class A Shares

Published on: February 16, 2021 | by Shepherd Smith Edwards & Kantas, LLP

Settlement in FINRA Case Involves Repaying Nearly $44K to Affected Customers

The Financial Industry Regulatory Authority (FINRA) has ordered Triad Advisors to pay a $150K fine for not adequately supervising both short-term trades involving Class A shares of mutual funds and variable annuity exchanges. The self-regulatory organization (SRO) also accused the Atlanta-headquartered broker-dealer of not making timely disclosures involving customer complaints and arbitration.

Triad Advisors, which is an Advisor Group network brokerage firm, consented to repay clients that were affected nearly $44k as part of its settlement for this case. It is not, however, denying or admitting to FINRA’s findings.