{"id":7333,"date":"2018-10-22T18:37:18","date_gmt":"2018-10-22T22:37:18","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=7333"},"modified":"2018-10-22T18:37:18","modified_gmt":"2018-10-22T22:37:18","slug":"silver-law-group-files-claim-against-portfolio-advisors-alliance-alleging-brokers-churned-account-and-racked-up-over-500000-in-commissions","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-files-claim-against-portfolio-advisors-alliance-alleging-brokers-churned-account-and-racked-up-over-500000-in-commissions\/","title":{"rendered":"Silver Law Group Files Claim Against Portfolio Advisors Alliance Alleging Brokers Churned Account and Racked Up Over $500,000 in Commissions"},"content":{"rendered":"<p>Silver Law Group has filed a FINRA arbitration claim against Portfolio Advisors Alliance, LLC after its brokers excessively traded (churned) the Claimant\u2019s account.<\/p>\n<p>The securities arbitration claim alleges the Claimant met his initial Portfolio Advisors Alliance broker in 2013 at another brokerage firm: FINRA-barred firm John Thomas Financial. The Claimant initially opened his accounts with a modest sum of money and gave the broker a chance to make money for him as he promised. The broker proceeded to convince the Claimant to utilize margin in order to increase his profits, according to the FINRA arbitration claim, and deposit additional funds to satisfy margin calls.<\/p>\n<p>Unfortunately for Claimant, the broker allegedly proceeded to churn the account, repeatedly buying and selling four (4) different stocks, including several high-risk and speculative pharmaceutical investments. When the broker resigned, another broker took over the accounts without the Claimant\u2019s knowledge and proceeded with the same \u201cinvestment strategy\u201d of making unauthorized transactions and churning the account, according to the securities arbitration claim.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/silver-law-group-files-claim-against-portfolio-advisors-alliance-alleging-brokers-churned-account-and-racked-up-over-500000-in-commissions\/\"  title=\"Continue Reading Silver Law Group Files Claim Against Portfolio Advisors Alliance Alleging Brokers Churned Account and Racked Up Over $500,000 in Commissions\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Silver Law Group has filed a FINRA arbitration claim against Portfolio Advisors Alliance, LLC after its brokers excessively traded (churned) the Claimant\u2019s account. The securities arbitration claim alleges the Claimant met his initial Portfolio Advisors Alliance broker in 2013 at another brokerage firm: FINRA-barred firm John Thomas Financial. The Claimant initially opened his accounts with [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[589],"tags":[1296],"class_list":["post-7333","post","type-post","status-publish","format-standard","hentry","category-churning-2","tag-portfolio-advisors-alliance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Silver Law Group Files Claim Against Portfolio Advisors Alliance Alleging Brokers Churned Account and Racked Up Over $500,000 in Commissions &#8212; Securities Arbitration Lawyers Blog &#8212; October 22, 2018<\/title>\n<meta name=\"description\" content=\"Silver Law Group has filed a FINRA arbitration claim against Portfolio Advisors Alliance, LLC after its brokers excessively traded (churned) the &#8212; October 22, 2018\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/silver-law-group-files-claim-against-portfolio-advisors-alliance-alleging-brokers-churned-account-and-racked-up-over-500000-in-commissions\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Silver Law Group Files Claim Against Portfolio Advisors Alliance Alleging Brokers Churned Account and Racked Up Over $500,000 in Commissions &#8212; Securities Arbitration Lawyers Blog &#8212; October 22, 2018\" \/>\n<meta name=\"twitter:description\" content=\"Silver Law Group has filed a FINRA arbitration claim against Portfolio Advisors Alliance, LLC after its brokers excessively traded (churned) the &#8212; October 22, 2018\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Silver Law Group Files Claim Against Portfolio Advisors Alliance Alleging Brokers Churned Account and Racked Up Over $500,000 in Commissions &#8212; Securities Arbitration Lawyers Blog &#8212; October 22, 2018","description":"Silver Law Group has filed a FINRA arbitration claim against Portfolio Advisors Alliance, LLC after its brokers excessively traded (churned) the &#8212; October 22, 2018","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-files-claim-against-portfolio-advisors-alliance-alleging-brokers-churned-account-and-racked-up-over-500000-in-commissions\/","twitter_card":"summary_large_image","twitter_title":"Silver Law Group Files Claim Against Portfolio Advisors Alliance Alleging Brokers Churned Account and Racked Up Over $500,000 in Commissions &#8212; Securities Arbitration Lawyers Blog &#8212; October 22, 2018","twitter_description":"Silver Law Group has filed a FINRA arbitration claim against Portfolio Advisors Alliance, LLC after its brokers excessively traded (churned) the &#8212; October 22, 2018","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-files-claim-against-portfolio-advisors-alliance-alleging-brokers-churned-account-and-racked-up-over-500000-in-commissions\/","url":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-files-claim-against-portfolio-advisors-alliance-alleging-brokers-churned-account-and-racked-up-over-500000-in-commissions\/","name":"Silver Law Group Files Claim Against Portfolio Advisors Alliance Alleging Brokers Churned Account and Racked Up Over $500,000 in Commissions &#8212; Securities Arbitration Lawyers Blog &#8212; October 22, 2018","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"datePublished":"2018-10-22T22:37:18+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"Silver Law Group has filed a FINRA arbitration claim against Portfolio Advisors Alliance, LLC after its brokers excessively traded (churned) the &#8212; 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