Kwasi Aggor Facing TD Ameritrade Client Complaint

Client Of TD Ameritrade Takes Issue With Securities Broker Kwasi Aggor's Sales Practices

Soreide Law Group provides you with an update regarding securities broker Kwasi Mensah Aggor (CRD#: 4974222, Providence, Rhode Island). Evidently, the securities broker worked for firms AXA Advisors (2005 to 2007) and TD Ameritrade (2008 to 2018). Notably, FINRA barred Aggor as a securities broker, and a TD Ameritrade investor filed a dispute about him. Here’s a closer look at those disclosures.

TD Ameritrade Client Alleges Misrepresentation, Unsuitable Recommendations Concerning Kwasi Aggor’s Options Transaction

Evidently, a client of TD Ameritrade came forward in April 2020 to contest Kwasi Aggor’s sales practices. Specifically, the client alleged that Aggor misrepresented his qualifications and authority as it related to the client’s investments. Not only that, but the client contends that the securities broker made unsuitable recommendations of options. According to the client, Aggor violated a "firm policy," too. For this reason, the client asks for “in excess of $10 million” in damages to resolve this ongoing matter.

FINRA Bars Kwasi Aggor As Securities Broker

Notably, the financial industry watchdog, Financial Industry Regulatory Authority (FINRA), who oversees most major securities firms across the United States, barred Kwasi Aggor as a securities broker to resolve allegations that he failed to participate in a FINRA investigation. Supposedly, Aggor violated FINRA rules by failing to testify in the investigation into his “participation in private securities transactions.”
According to the regulator, Kwasi Aggor potentially engaged in selling away activities with a TD Ameritrade client. FINRA contends that Aggor might have used an outside business to do this. The regulator supposedly learned of Aggor’s actions when TD Ameritrade filed a Form U5—a document reflecting the termination of a securities broker.
FINRA bars brokers who fail to cooperate in investigations. Here, FINRA asked Aggor to testify in April 2020. But Aggor refused to cooperate. For this reason, FINRA could not make a final determination on whether Aggor violated rules on private securities transactions. However, for failing to cooperate in the investigation, Aggor cannot work as a securities broker with a FINRA member firm or even associate with FINRA member firms.

Did You Lose Money By Investing Through Kwasi Aggor?

Did Kwasi Aggor cross the line and cause you to incur investment losses? If so, call Soreide Law Group at (888) 760-6552 and speak with an experienced securities lawyer about a potential recovery. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered compensation for hundreds of United States investors who experienced damages from their financial advisors or securities brokers. Please note that Aggor denies all allegations of sales practice violations.