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Articles Tagged with Triad Advisors LLC

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Investors in funds formerly managed by defunct Chicago options trading firm LJM Partners, including the LJM Preservation & Growth Fund,  may have litigation or arbitration claims against stockbrokers or investment advisers who sold them or placed their funds in the LJM funds.

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The Financial Industry Regulatory Authority (FINRA) recently took regulatory action against brokerage firm Triad Advisors LLC in connection with sales of the LJM Preservation & Growth Fund.  According to the Letter of Acceptance Waiver and Consent (AWC) Triad AWC, in December 2021 FINRA censured and fined Triad Advisors LLC $195,000 regarding the brokerage firm’s failure to supervise their brokers’ recommendations of LJM Preservation & Growth Fund. Triad Advisors LLC also agreed to pay $510,256.57 in restitution. Triad representatives sold $2,267,000 in LJM Preservation & Growth Fund to 58 customers.

According to the FINRA allegations, between September 12, 2016 to February 1, 2018, Triad failed to reasonably supervise representatives’ recommendations of the LJM Preservation & Growth Fund. FINRA also found that Triad Advisors LLC allowed the sale of LJM Preservation & Growth Fund without conducting reasonable due diligence and without a sufficient understanding of its risks and features.

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