National investment fraud lawyers KlaymanToskes continues its investigation of Daniel K. Beech (CRD# 6169844) and Angelo Talebi (CRD# 2243829) after filing a $1,000,000 FINRA arbitration case (No. 22-02367) to recover investment losses on the behalf of an Iranian family. Beech is currently facing ten investor complaints alleging over $2.5 million in collective investor damages.
Investors that suffered losses with Daniel K. Beech and/or Angelo Talebi should contact attorney Lawrence L. Klayman, Esq., at 888-997-9956, or lklayman@klaymantoskes.com to discuss their recovery options at no cost. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is currently representing investors who suffered severe losses with Daniel K. Beech of Western International Securities’ Westlake Village, CA branch. In October 2022, the firm filed FINRA arbitration case no. 22-02367 on the behalf of a family who lost $1,000,000 investing in high-risk, illiquid investments recommended by Beech.
The investors were first introduced to Daniel Beech and Western by Angelo Talebi of Beverly Hills Financial Planners – their former financial advisor. Talebi’s securities license has 36 customer complaints, 1 regulatory event and 1 termination. As Talebi was no longer registered with FINRA, he introduced the family to Beech who had the ability to execute transactions. As alleged in the claim, on information and belief, Talebi was to receive a commission/kickback on any purchases that the family made with Western and Beech.
While the investors entrusted Beech to recommend safe, low risk investments that would provide income, Beech solicited them to invest in unsuitable, alternative investments which were high risk, speculative, and lacked liquidity.
Beech concentrated the investors’ portfolio in the following alternative investments:
GWG L bonds were marketed as safe and low-risk investments that were instead unrated, illiquid, high risk, and speculative. GWG disclosed on the second page of its 2020 Prospectus, “L Bonds are only suitable for persons with substantial financial resources and with no need for liquidity in this investment.”
Although GWG filed for chapter 11 bankruptcy in April, 2022, investors may still pursue individual FINRA arbitration claims against the financial advisors and their firms who sold this speculative security. Contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lklayman@klaymantoskes.com for a free and confidential consultation to discuss your potential case.
The following is a timeline summary for GWG L bonds:
Who is Daniel K. Beech? Daniel Keith Beech (CRD# 6169844)
Who is Angelo Talebi?Angelo Talebi (CRD# 2243829)
Former and current customers of Daniel Keith Beech and/or Angelo Talebi who have experienced significant investment losses are encouraged to contact securities attorney Lawrence L. Klayman, Esq. at 1-888-997-9956 or lklayman@klaymantoskes.com
KlaymanToskes has first-hand experience with the broker misconduct and securities violations of Beech and Talebi. Our firm offers legal services on a contingency fee basis, meaning we do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
Lawrence L. Klayman, Esq.
888-997-9956