IBD

Independent broker/dealer Alternative Wealth Strategies in Cherry Hill, N.J., has gone belly up, according to Financial Industry Regulatory Authority documents. The firm’s BrokerCheck report says the firm’s membership was suspended at the end of May after it failed to pay arbitration fees, but it’s unclear what these arbitrations were related to. The firm sold real estate deals by DBSI, which went bankrupt. Former CEO James Gaul and President Jeffrey Rachlin had not returned calls by press time.

byDiana Britton, Managing Editor