Investors Dispute SHAPOUR EJLAL

Investors Allege Losses Due To Shapour Ejlal's Unauthorized Transactions

Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) reports alarming information in regard to securities broker Shapour Ejlal [CRD#: 1247346, New York, New York]. Supposedly, at least 3 clients raised serious concerns about the securities broker, who worked for Aegis Capital Corp. between August 14, 2014 and January 9, 2018. Also, a prior securities firm disaffiliated with him for violating policy. In sum, these disclosures suggest that Ejlal made unauthorized and unsuitable transactions and concealed bad information about investments. Read on to learn more concerning the allegations against Ejlal.

Aegis Investors Indicate That Shapour Ejlal Made Unauthorized Trades

Supposedly, a client of Aegis contested Shapour Ejlal’s securities business by placing a complaint dated January 18, 2019. Allegedly, Ejlal traded without authorization. Also, the client suggested that the securities broker made inappropriate trades in the client’s account because of the client's risk tolerance or some other aspect of the client’s investment profile. It seems that the common or preferred stocks which Ejlal sold caused the client to sustain losses. Consequently, Aegis figured to settle the client’s allegations on March 1, 2019 through paying the client the sum of $17,500.

Ejlal Allegedly Botched JP Morgan Client’s Fund Transfer

Evidently, on October 7, 2014, a JP Morgan client filed a civil suit concerning Shapour Ejlal. Notably, the client asserted that Ejlal did not properly facilitate the client’s fund transfer. For this reason, the client experienced losses by purchasing common or preferred stocks and options. As a result, on May 15, 2015, JP Morgan Securities resolved this issue through compensating the client $62,500.

JP Morgan Disaffiliates With Shapour Ejlal For Violating Policy

Notably, JP Morgan Securities ended the employment relationship with Ejlal on June 25, 2014. Allegedly, Ejlal utilized unauthorized communication channels for investment related business. Apparently, Shapour Ejlal maintained an association with JP Morgan Securities from 2012 to 2014.

Ejlal Allegedly Omitted Information About Investments To Chase Client

Evidently, on August 4, 2009, a Chase Investment Services Corp. client brought an investment dispute concerning Shapour Ejlal. Notably, the client asserted that Ejlal falsified important investment information such as the risks or the terms. It appears that the securities broker potentially executed unreasonable trades due to the client's investment profile too. For this reason, the client experienced losses on mutual funds. As a result, the client requested $10,510.24 in compensation from Chase Investment Services Corp. or Ejlal. Evidently, this complaint is pending a resolution.

Did Aegis Securities Broker Shapour Ejlal Sell You Bad Investments?

Have you experienced losses by investing with Shapour Ejlal? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning 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 incurred losses due to misconduct of securities brokers like Ejlal and brokerage firms.