If you have suffered trading losses with Boca Raton, Florida-based stockbroker Bimal K. Shah, call today for a FREE Consultation regarding your investment loss recovery options.
According to FINRA reports, Bimal K. Shah (CRD# 2685812) was terminated by his brokerage firm, Sterne Agee Financial Services, Inc. in December 2015 for allegedly participating in undisclosed and unapproved outside business activities.
Generally speaking, stockbrokers are required to only sell investments that have been reviewed and approved by the brokerage firm they are registered with. Even if a broker sells investments that are not approved to customers of the firm, in many cases the brokerage firm may be held liable for losses in those investments even if the investment itself was not approved. Moreover, because brokerage firms have a regulatory duty to supervise its brokers like Bimal Shah and the transaction itself to ensure that securities are suitable for the firm customers, brokerage firms may be held liable if investors suffer losses in unapproved investments.
If you are an investor who has suffered losses investing with Bimal K.Shah, you may be able to recover your losses through FINRA arbitration or securities litigation. Please call Kons Law Firm at (312) 757-2272 for a FREE, NO OBLIGATION consultation to discuss your investment loss recovery options.
Kons Law Firm represents investors nationwide in securities arbitration and litigation matters. To learn more about the Firm’s securities litigation and FINRA arbitration practice, please visit www.investmentlossattorney.com.