August Michael Iorio's Legal Cases (2)

Securities and investment fraud

Linda Smith v. Joshua Helmle

Feb 07, 2025

OUTCOME: Respondent Helmle is liable for and shall pay to Claimant the sum of $65,000.00 in damages.

FINRA Arbitration: In the Statement of Claim, Claimant asserted the following causes of action: negligence; unsuitability; fraudulent misrepresentations and omissions; securities fraud; common law fra ... ud; breach of fiduciary duty; breach of contract; and failure to supervise in violation of federal securities laws, common law, California state law, California common law, California’s securities antifraud provisions, industry standards, and FINRA Rules, including FINRA Rules 2111 and 2010. The causes of action relate to Claimant’s investment in GWG Holdings, Inc. L Bonds.

Securities and investment fraud

Jose Batista v. Robinhood Financial, LLC and Robinhood Securities, LLC

Jan 06, 2022

OUTCOME: Respondents Robinhood Financial, LLC and Robinhood Securities, LLC are jointly and severally liable for and shall pay to Claimant the sum of $29,460.77 in compensatory damages.

FINRA Arbitration Claim: In the Statement of Claim, Claimant asserted the following causes of action: breach of contract; breach of implied covenant of good faith and fair dealing; negligence; breach ... of fiduciary duty; unjust enrichment; non-disclosure or concealment; intentional interference with prospective economic advantage; negligent interference with prospective economic advantage; and violations of 15 U.S.C. § 78. The causes of action relate to Respondents placing trade restrictions on numerous stocks on January 28, 2021, including, but not limited to “KOSS” and “EXPR” on its trading platforms in the midst of an unprecedented stock rise.

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