Costello Law Group
Representing Clients Nationwide – Free Initial Consultations
Local 410-832-8800 Toll Free 877-418-0003

Golden Beneficial Securities Corporation Ordered to Pay Nearly $2.5 million

A FINRA arbitration panel entered an award against Golden Beneficial Securities Corporation in the amount of almost $2.5 million based upon its failure to supervise Joel David Salinas, one of its employees. Joel David Salinas allegedly invested $3 million of customer money into a supposed corporate bond fund named the JDFG Fixed Income Fund. In reality, the money was being collected to fuel a $50 million Ponzi scheme. Golden Beneficial Securities Corporation's registration was cancelled this past January. Claims continue to mount against Salinas' estate and his former firm.

If you believe you have been victimized by securities fraud, financial malpractice, or theft by a FINRA registered broker, please call the securities attorneys of the Costello Law Group at (877) 418-0003 for a free consultation.

To read more, please visit:

No Comments

Leave a comment
Comment Information

Seek Legal Assistance

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

409 Washington Avenue Suite 410
Towson, MD 21204

Toll Free: 877-418-0003
Phone: 410-832-8800
Fax: 410-832-8807
Towson Law Office Map