Windsor Street’s Raana Khan Allegedly Made Unsuitable Sales Of Private Placements

Soreide Law Group is reviewing possible investor claims against broker Imtiaz “Raana” Khan (CRD#: 4084250, New York, New York). Apparently, the stockbroker was an executive for Windsor Street Capital, LP from July 21, 2006 to May 31, 2018 before joining Joseph Stone Capital L.L.C. on August 6, 2018. Evidently, Khan discloses adverse information including a client dispute and a regulatory action. Read on to learn more about these disclosures about the broker:

Windsor Street Client Alleges Raana Khan Breached Fiduciary Duty

A client of Windsor Street Capital (f/k/a Meyers Associates, L.P.) filed FINRA Arbitration #: 19-01731 on June 25, 2019 concerning Raana Khan. Supposedly, Khan was responsible for unsuitable stock and private placement transactions. It appears that Khan or someone under her control overconcentrated the client’s assets in penny stocks and other investments. For this reason, the client alleged that Khan failed to supervise. Also, the client alleged that Khan was responsible for a breach of fiduciary duty and one or more negligent transactions. Moreover, the Statement of Claim contains allegations against Khan of breach of contract and misrepresentation concerning private placements and equities. Allegedly, the client sustained $122,429.55 in losses. Therefore, the client seeks compensation in this pending matter.

FINRA Issues Khan Suspension And Fine

Evidently, FINRA issued a Decision on January 28, 2019 imposing a suspension and $20,000 fine against Raana Khan for outside business activities. Apparently, from 2013 to 2016, Khan violated NASD and FINRA Rules by acting as a principal without being qualified. Between 2015 and 2016, the Decision reports, Khan violated FINRA rules through her active involvement in Arcis, a real estate and mergers and acquisitions advisory business. Notably, FINRA says that Khan was a partner for Arcis who engaged in unapproved outside business activities. Evidently, FINRA expelled Windsor Street in May 2018 because of its failure to pay fines for violating FINRA rules.

Lars Soreide Highest Ethical Standard Award 2018

Lars Soreide Highest Ethical Standard Award 2018

Khan’s suspension was effective February 19, 2019 to April 8, 2019. Did you experience losses because of Raana Khan? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have suffered losses due to misconduct of brokers and brokerage firms.