Bahram Mirhashemi, Formerly with Accelerated Capital, Irvine CA, Barred by FINRA for Alleged Churning and Excessive Trading

Soreide Law Group, (888) 760-6552, recently obtained the following information from FINRA's website under “Disciplinary and Other FINRA Actions, April, 2016.”
Bahram Mirhashemi (CRD #2937037, Newport Coast, California)
was barred by FINRA for allegedly churning clients accounts, engaging in excessive and unauthorized trading and making unsuitable recommendations to clients.
Bahram Mirhashemi consistently spread mutual fund purchases across multiple fund families, and failed to obtain break point discounts for clients. These short-term mutual fund trades were both excessive and unsuitable, and cost the clients more than $150,000 in  commissions. Bahram Mirhashemi also churned clients’ accounts by conducting short-term equity trades in customer accounts. Such trading was unsuitable and cost the clients more than $665,000 in overall commissions.
FINRA’s findings also stated that Bahram Mirhashemi willfully filed false and misleading Forms U4, and failed to file Forms U4 to disclose his liens, problems with creditors and an outside business activity.
Also, FINRA’s findings included that Bahram Mirhashemi distributed materially false and misleading communications to clients.
(FINRA Case #2012033566201)
Bahram Mirhashemi has worked 18 years in the securities industry.  FINRA has permanently barred Bahram Mirhashemi from acting as a broker or otherwise associating with firms that sell securities to the public.  He was previously registered with the following firms:
09/2012 - 01/2016  ACCELERATED CAPITAL GROUP - IRVINE, CA
09/2010 - 09/2012  AMERIPRISE FINANCIAL SERVICES, INC. - ARTESIA, CA
06/2005 - 09/2010 WELLS FARGO INVESTMENTS, LLC (CRD# 10582) - PICO RIVERA, CA
12/1998 - 06/2005 WM FINANCIAL SERVICES, INC. (CRD# 599) - IRVINE, CA
If you feel you have become a victim of churning or excessive trading, or if your broker made unsuitable recommendations to you and you experienced financial losses, call Soreide Law Group and speak to a lawyer at no cost regarding the possibility of recovering your losses at:  888-760-6552.