Erez Law is currently investigating former Royal Alliance Associates, Inc. broker Angelo Talebi (CRD# 2243829) related to investment losses. He has been registered with Independent Financial Group, LLC in Sherman Oaks, California, from 2024 to 2016. Previously, he was registered with Royal Alliance Associates, Inc. in Beverly Hills, California, from 2012 to 2014 and with LPL Financial LLC in Beverly Hills, California, from 1999 to 2012, when he was terminated for unknown reasons.
Angelo Talebi Customer Complaints
He has been the subject of 41 customer complaints between 1995 and 2024, two of which were closed without action and 11 were denied, according to his CRD report. The most recent complaints were regarding:
March 2024. “Customers allege representative recommended unsuitable investments during the time period 2003-2012.” The case is currently pending.
November 2023. “Unsuitable alternative investment alleged to have been recommended.” The customer sought $5,000 in damages, and the case was settled for $13,000. The complaint was regarding real estate securities.
August 2022. “Advisor is not FINRA licensed. Claimant alleges that Advisor participated in the sale of an unsuitable security despite the fact that the purchase was made through an independent securities broker. Advisor denies the allegations.” The case is currently pending.
August 2020. “Claimant alleges her account was overly concentrated in an unsuitable alternative investment.” The customer sought $150,000 in damages, and the case was settled for $25,000. The complaint was regarding real estate securities.
January 2020. “Customer’s alleges unsuitability with regards to a purchase of a non-traded REIT. activity period – 10/21/14 to 4/11/19.” The case was settled for $47,500. The complaint was regarding real estate securities.
September 2019. “Allege her assets were invested in complex, risky and costly investments that were not in line with her stated objectives.” The customer sought $100,000.01 in damages, and the case was settled for $10,000. The complaint was regarding variable annuities, REITs, and BDCs.
January 2019. “Client alleges misrepresentation in connection with purchase of annuity and other alternative investments and that the investments were not suitable.” The case was settled for $30,000. The complaint was regarding real estate securities, variable annuities, and corporate debt.
September 2017. “Customers alleged misrepresentation and unsuitability in connection with the purchase of a real estate investment trust.” The customer sought $39,298 in damages, and the case was settled for $16,000. The complaint was regarding real estate securities.
August 2017. “Suitability; misrepresentation; negligence; violation of Finra rules; breach of contract.” The customer sought $129,407.74 in damages, and the case was settled for $15,000. The complaint was regarding REITs, variable annuities, and BDCs.
June 2017. “Customers alleged misrepresentation and unsuitability in connection with the purchase of a limited partnership fund.” The customer sought $575,000 in damages, and the case was settled for $328,650.
March 2017. “Customers alleged misrepresentation and unsuitability in connection with the purchase of a limited partnership fund.” The customer sought $100,000 in damages, adnt he case was settled for $30,000. The complaint was regarding limited partnerships.
February 2016. “Customers alleged misrepresentation and unsuitability in connection with the purchase of a limited partnership fund.” The case was settled for $50,000.
December 2015. “Customers alleged misrepresentation and unsuitability in connection with the purchase of a limited partnership fund.” The customer sought $454,579 in damages, and the case was settled for $297,000. The complaint was regarding limited partnerships.
October 2015. “Alleged misrepresentation and unsuitability in connection with purchase of Leaf Equipment Finance Fund 4 LP in 2009.” The customer sought $100,000 in damages, and the case was settled for $45,000.
September 2015. “Alleges misrepresentation and unsuitability, among other allegations, in connection with investment in Leaf IV, a REIT and a variable annuity. Also alleges excessive trading an unsuitable use of margin.” The customer sought $400,000 in damages, and the case was settled for $100,000.
July 2015. “Alleges misrepresentation and unsuitability, among other allegations, in connection with investment in KBS I REIT in 2008.” The customer sought $100,000 in damages, and the case was settled for $17,500.
March 2015. “Allegations included unsuitability and misrepresentations in connection with REIT and limited partnership investments made in 2007.” The customer sought $97,533 in damages, and the case was settled for $25,000.
February 2015. “Allegations included unsuitability and failure to disclose risks associated with limited partnership investments made in October 2009.” The customer sought $100,000 in damages, and the case was settled for $55,000.
September 2014. “Alleges unsuitable sale of variable life insurance policy in 2006. also alleges unsuitable and illiquid REIT investments and mismanagement and excessive trading and use of margin in securities accounts.” The case was settled for $500,000.
April 2014. “Alleges unsuitability and misrepresentation in connection with investments in KBS I REIT in 2008 and Leaf Equipment Finance Fund 4 in 2009.” The customer sought $157,212.61 in damages, and the case was settled for $78,606.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Royal Alliance Associates, Inc. may be liable for investment or other losses suffered by Angelo Talebi’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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