Ali Memaran-Dadgar Tied To Elite Wealth Management Investor’s Negligence Claim

Investors might have sustained losses due to financial advisor Ali Reza Memaran-Dadgar [CRD: 5652400, Kirkland, Washington], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Memaran-Dadgar has been registered with Elite Wealth Management Inc. since February 29, 2024. Continue reading to find out more about the client disputes disclosed on his FINRA record.

Elite Wealth Management Investor Accused Memaran-Dadgar Of Breach Of Fiduciary Duty

Specifically, on June 5, 2026, an Elite Wealth Management and Lattice Capital Management client filed JAMS Arbitration No. 5160001260 about Ali Memaran-Dadgar. Primarily, the client alleged that Memaran-Dadgar was negligent, breached his fiduciary duty, negligently supervised certain representatives, and violated the Washington State Securities Act. Because of this, the client allegedly sustained damages involving hedge funds. Therefore, the client requested $2,800,000 in compensation from Elite Wealth Management, Lattice Capital Management, or Memaran-Dadgar. BrokerCheck shows that this arbitration is pending a resolution.

Ali Memaran-Dadgar Disclosed Negligence Allegations By Elite Wealth Management Client

Particularly, a client of Elite Wealth Management and Lattice Capital Management disputed Ali Memaran-Dadgar's sales practices, according to a May 27, 2026 matter. Allegedly, Memaran-Dadgar breached his fiduciary duty, was negligent, negligently supervised certain representatives, and violated the Washington State Securities Act. It appears that Memaran-Dadgar caused the client to sustain damages involving hedge funds. Consequently, the client seeks $7,000,000 in compensation from Elite Wealth Management, Lattice Capital Management, or Memaran-Dadgar in this ongoing matter.

Elite Wealth Management Investor Accused Memaran-Dadgar Of Misrepresentation, Negligent Supervision

Also, on October 29, 2025, clients of Elite Wealth Management and Lattice Capital Management filed JAMS Arbitration No. 5160000989 about Ali Memaran-Dadgar. The investors alleged that Memaran-Dadgar breached a contract and breached his fiduciary duty. They also asserted that he made misrepresentations, negligently hired, trained, and retained individuals, and failed to supervise certain representatives. In addition, the investors alleged violations of Washington's Consumer Protection Act, Investment Advisers Act of 1940, and Washington's Securities Act.

The disclosure further states that the investors contended Memaran-Dadgar committed or permitted the alleged misconduct while serving as Chief Executive Officer and Chief Compliance Officer of Elite Wealth Management and Lattice Capital Management. The matter settled on April 30, 2026, for $15,510,000.

Were You Impacted By Securities Broker / Financial Advisor Ali Memaran-Dadgar?

Do you need guidance on any investment losses relating to Ali Memaran-Dadgar? Get in touch with Soreide Law Group at (888) 760-6552 or online and consult with a securities attorney regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of investors throughout the US. Also, our securities lawyers handle cases on a contingency fee basis and advance all costs. Memaran-Dadgar and brokerage firms Memaran-Dadgar worked for deny allegations of sales practice violations.