Investors potentially experienced sales practice violations by securities broker Nader M. Gandevani (also known as Ned Gandevani) [CRD: 2770412, Irvine, California], according to publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Gandevani worked for WestPark Capital Inc. from June 13, 2018, to March 6, 2020; Moloney Securities Co. Inc. from March 5, 2020, to July 22, 2024; Moloney Securities Asset Management LLC from March 23, 2020, to July 22, 2024; and ShoPoff Securities Inc. beginning August 27, 2025. Continue reading to learn more about disclosures involving this broker.
Notably, on September 25, 2025, a WestPark Capital Inc. client filed FINRA Arbitration No. 25-02036 concerning Nader Gandevani. Mainly, the client alleged that Gandevani made unsuitable recommendations and misrepresentations. Because of this, the client allegedly sustained damages related to direct investments. Therefore, the client requested $233,000 in compensation from WestPark Capital Inc. or Gandevani. It appears that this arbitration remains pending.
Specifically, a client of Moloney Securities Co. Inc. contested Gandevani’s sales practices, according to a complaint dated August 14, 2025. Allegedly, Gandevani made unsuitable recommendations and was negligent. It appears that Gandevani allegedly caused the client to incur damages involving corporate bonds and direct investments. As a result, the client sought compensation from Moloney Securities Co. Inc. or Gandevani in the amount of $230,000 in this matter. The complaint was denied.
Particularly, a Moloney Securities Co. Inc. client filed FINRA Arbitration No. 23-00858 concerning Nader Gandevani. Primarily, the client alleged that Gandevani made unsuitable recommendations and was negligent. For this reason, the client allegedly experienced damages involving corporate bonds. Consequently, on January 18, 2024, Moloney Securities Co. Inc. settled this matter by paying the client $31,875 in damages.
Did you experience losses because of Nader Gandevani? Contact Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, the firm takes cases on a contingency fee basis and advances all costs. Gandevani and brokerage firms Gandevani worked for deny accusations of sales practice violations.
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