Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
Investors potentially experienced sales practice violations due to securities broker Arif Ahmed [CRD: 3099755, Washington, District of Columbia], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Particularly, he worked for J.P. Morgan Securities LLC from September 29, 2023, to May 16, 2025. Keep reading to find out more about Ahmed’s disclosures and the allegations tied to his work with clients.
Evidently, on December 5, 2024, a First Republic Securities Company LLC client filed FINRA Arbitration No. 24-02547 about Arif Ahmed. Evidently, the client alleged that Ahmed made unsuitable recommendations in connection with corporate bonds. Because of this, the client allegedly sustained damages estimated at $38,000,000.00. Consequently, the client requested compensation from First Republic Securities Company LLC or Ahmed. It appears that this arbitration is pending a resolution.
Also, a client of First Republic Securities Company LLC contested Arif Ahmed’s sales practices by filing FINRA Arbitration No. 24-01651 on August 5, 2024. Allegedly, Ahmed engaged in excessive trading, misrepresented investments, and gave unsuitable advice. It appears that Ahmed caused the client to sustain damages connected to corporate bonds. For this reason, the client seeks compensatory damages from First Republic Securities Company LLC or Ahmed in the amount of $225,000,000.00 in this ongoing matter.
Additionally, a client filed a complaint about Arif Ahmed. Mainly, the client claimed that Ahmed made unsuitable recommendations involving interest rate swaps. As a result, on May 22, 2012, Merrill Lynch settled this matter by paying the client $458,684.00 in damages.
Specifically, a client of Merrill Lynch disputed Arif Ahmed’s sales practices by bringing FINRA Arbitration No. 09-00342. Allegedly, Ahmed gave unsuitable advice, failed to follow instructions, and made misrepresentations relating to mutual funds. Therefore, Merrill Lynch opted to settle the dispute on June 14, 2010, by paying compensation totaling $85,000.00.
Did you experience losses because of Arif Ahmed? If so, contact Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning your legal rights and options. For years, Soreide Law Group has recovered losses for clients located throughout the United States. Also, the firm works on a contingency fee arrangement and advances all costs. Ahmed and brokerage firms Ahmed worked for deny allegations of sales practice violations.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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