Maryland Sanctions Sanjay Bhargava

Soreide Law Group is investigating possible investor claims against securities broker Sanjay Bhargava [CRD: 4495397, La Vista, Nebraska]. Notably, Maryland sanctioned the securities broker, who worked for Regulus Financial Group LLC. Here is a brief summary of Maryland’s allegations against Bhargava.

Maryland Sanctions Regulus Financial Group LLC Securities Broker For Prior Regulatory Enforcement Action

Particularly, on June 28, 2022, Maryland issued Case: 20220228, which contains sanctions against Sanjay Bhargava for infractions. Specifically, Bhargava’s registration was withdrawn. Evidently, Maryland did this because Bhargava was the subject of a prior regulatory enforcement action resulting in sanctions.

Securities America Inc.’s Sanjay Bhargava Sanctioned By FINRA For Private Securities Transactions

Notably, FINRA issued Case: 2020066655701 on May 13, 2022, which contains sanctions against Sanjay Bhargava for infractions. Allegedly, Bhargava engaged in private securities transactions. Therefore, Bhargava was fined and suspended.

Namely, FINRA says that in November and December 2018, during the time that he was associated with Securitas America, Bhargava engaged in six securities transactions away from his firm. Specifically, on November 23, 2018, Bhargava transmitted offering documents to six investors on behalf of a limited liability company concerning the pooling of investment funds. The six individuals invested $341,250 in the limited lability company. Bhargava did not receive permission from his firm to engage in this type of activity. He also misrepresented his involvement in an annual compliance questionnaire. Consequently, Bhargava violated FINRA Rules 2010 and 3280.

QA3 Financial Corp. Investor Accused Bhargava Of Unsuitable Recommendations

Additionally, a QA3 Financial Corp. client filed FINRA Arbitration: 14-02746 about Sanjay Bhargava. Namely, the client alleged that Bhargava made unsuitable recommendations, violated FINRA rules, made misrepresentations and omissions of material fact, violated state securities laws, breached fiduciary duties, breached a contract, and acted unethically. Because of this, the client allegedly sustained damages on REITs. Therefore, on April 29, 2015, a FINRA Arbitration Panel issued an Award ordering Bhargava to pay the client $32,606.94 in damages.

Securities America Inc. Permits Sanjay Bhargava To Resign

Specifically, on April 13, 2020, Securities America Inc. terminated the registration of Bhargava. Evidently, Securities America Inc. alleged that Bhargava engaged in unauthorized seminar-related activities.

Bhargava Employment Information

• Bhargava worked for Arbor Point Advisors in La Vista, NE, as a financial advisor from January of 2016 to May of 2020.
• Bhargava worked for JK Investment Group Inc. in Independence, OH, as a financial advisor from April of 2011 to June of 2016.
• Bhargava worked for Securities America Inc. in Independence, OH, as a securities broker from February of 2011 to May of 2020.
• Bhargava has worked for Regal Investment Advisors LLC in Independence, OH, as a financial advisor since July 19, 2020.

Did Regulus Financial Group LLC Securities Broker Sanjay Bhargava Cause You To Experience Damages?

Have you suffered damages by investing with Sanjay Bhargava? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with a securities lawyer regarding a possible recovery of your investment losses or other damages. Soreide Law Group, who has effectively recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. Bhargava and brokerage firms Bhargava worked for deny accusations of sales practice violations.