Lori Sacco, previously with BMO Harris, Suspended by FINRA
Have you lost money with financial advisor Lori Sacco? We are looking into allegations made about Lori Ann Sacco from Wauwatosa, Wisconsin. FINRA (the Financial Industry Regulatory Authority) suspended Sacco from the securities industry for six months and fined $10,000. FINRA alleged that Sacco forged and falsified customer forms without the customers’ prior knowledge or consent.
Lori Sacco was a financial advisor and registered representative of BMO Harris from March 2014 to November 2018. She worked in a branch office in Wauwatosa, Wisconsin.
Brokerage firms like BMO Harris have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Ann Arbor, Michigan; Denver, Colorado; Seattle, Washington; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states, including in Wisconsin. Our attorneys have represented over one thousand investors against many brokerage firms in the past.