Mayur Dalal Barred For Failure To Testify

Soreide Law Group is investigating possible investor claims against Mayur Dalal (also known as Mayur T. Dalal) (CRD: 1853077, New Hyde Park, New York). Evidently, FINRA sanctioned the securities broker, who worked for Kestra Investment Services LLC. Allegedly, Dalal failed to testify when FINRA investigated the securities broker for possible FINRA rule violations. Here is a brief summary of FINRA’s allegations against Dalal.

Dalal Sanctioned By FINRA For Failure To Testify

Particularly, FINRA issued Case: 2020065664201 on March 9, 2021, sanctioning Mayur Dalal for infractions. Allegedly, Dalal failed to testify when FINRA investigated the securities broker for possible FINRA rule violations. Supposedly, FINRA investigated Kestra Investment Services LLC’s termination of his registration as a securities broker for alleged private securities transactions and outside business activities.

Because of his failure to testify, Dalal was barred as a securities broker, which means he is not permitted by FINRA to work with any FINRA-member firms as a securities broker or in other capacities. That bar became effective on March 9, 2021.

AXA Advisors LLC Investor Accuses Mayur Dalal Of Omissions

Also, on June 19, 2017, an AXA Advisors LLC client filed a complaint about Mayur Dalal. Namely, the client alleged that Dalal made omissions of material fact. Because of this, the client allegedly sustained damages on variable annuities. Therefore, the client requested $117,000 in compensation from AXA Advisors LLC or Dalal. However, AXA Advisors LLC denied this complaint.

Dalal Employment Information

• Dalal worked for Kestra Investment Services LLC in New Hyde Park, NY, as a securities broker from June 2016 to February 2020.

Did Kestra Investment Services LLC Securities Broker Mayur Dalal Cause You To Experience Damages?

Did you sustain damages by investing with Mayur Dalal? You should contact Soreide Law Group at (888) 760-6552 and talk with a securities attorney about potentially recovering your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors across the country, represents clients on a contingency fee basis and advances all costs. Dalal and those firms Dalal worked for deny any and all allegations of sales practice violations.