The Financial Industry Regulatory Authority (“FINRA”) reports troubling information in regard to securities broker Kinan Nimeh (CRD#: 4438900, New York, NY). Specifically, the securities broker, who worked for firms Rockwell Global Capital (2011 to 2015), McBarron Capital LLC (2015 to 2016), CV Brokerage (2016 to 2017) and Garden State Securities (2017 to present) is involved in five investor disputes. Not only that, but FINRA and the State of Massachusetts each sanctioned Nimeh for sales practice violations. Here’s more.
Notably, a client of Rockwell Global Capital brought a lawsuit about Kinan Nimeh in May 2020. Supposedly, Nimeh over-concentrated the client’s account in equities. In addition, the client stated that the broker made unsuitable transactions. For this reason, they demanded $50,000. This matter is awaiting a resolution.
Evidently, a Rockwell Global Capital client disputed Kinan Nimeh’s actions through a FINRA Arbitration Claim in 2015. First of all, the client alleged that Nimeh sold investments that did not align with the client’s suitability profile. Secondly, the broker supposedly made excessive trades and excessively used margin. Thirdly, the client alleged that the broker made unauthorized trades. Evidently, in 2016, Rockwell Global Capital paid this client $20,000 to settle.
Evidently, FINRA issued Kinan Nimeh a two-month suspension and $5,000 fine in 2017 to resolve allegations that he made unsuitable recommendations in violation of FINRA rules. Namely, Nimeh recommended 52 non-traditional ETFs for 29 McBarron Capital accounts. It appears that Nimeh caused investors to hold the ETFs for long periods when the investments were intended as short-term trading products. It seems that Nimeh failed to have a reasonable basis to recommend these investments.
Moreover, in 2015, the State of Massachusetts required Kinan Nimeh to be on heightened supervision in order to associate with MBC. Allegedly, this was due to Nimeh being involved in 5 client disputes by that time. Those disputes alleged various sales practice violations including churning, bad advice and unauthorized trades.
ough Nimeh?FINRA BrokerCheck indicates that Kinan (Kenan) Nimeh denies any and all allegations of his sales practice violations. Have you lost money because of him? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced lawyers about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have suffered losses because of their financial advisors and securities brokers.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com