Viqas Akhtar In National Securities Corp Disputes

Securities Broker Viqas Akhtar Involved In National Securities Corp Client Dispute About Private Placement Suitability

The Financial Industry Regulatory Authority (FINRA) reports new disclosures concerning securities broker Viqas Akhtar (CRD#: 5624412, Miami, Florida). Evidently, Akhtar is involved in seven investor disputes alleging sales practice violations such as unsuitable transactions. Six of these disputes concern Akhtar’s actions at National Securities Corp, where Akhtar has worked as a securities broker since November 14, 2012. Here’s more on the disputes and what you could do if you experienced losses from sales practice violations.

National Securities Corp Client Alleges Unsuitable Private Placement Through Viqas Akhtar

Evidently, a client of National Securities Corp disputed Viqas Akhtar’s sales practices, according to a March 2020 FINRA Arbitration Claim. Mainly, the client contends that Akhtar sold an unsuitable private placement. Basically, suitability relates to an investor’s risk tolerance, investment objectives, and financial needs, which determines whether certain investments are suitable. It appears that National Securities Corp opted to settle this matter with the client by making a $37,500 payment to them in August 2021.

Akhtar Purportedly Recommends Unsuitable Private Placement To Client

It appears that Viqas Akhtar faced a second client dispute about the suitability of private placements. In the March 2020 dispute, the client contends that Akhtar caused damages on an unsuitable private placement. The client obtained $37,500 in an October 2021 settlement. However, the broker denies the client’s allegations and claims that the investments were suitable.

National Securities Corp Client Claims Unauthorized Trading By Viqas Akhtar

Also, a client of National Securities Corp disputed Viqas Akhtar’s sales practices in an October 2019 matter. According to the client, Akhtar made unauthorized trades. Supposedly, this caused the client to experience damages on equities. National Securities Corp compensated this client in the amount of $9,539 to settle this matter.

Viqas Akhtar Accused Of Misrepresentation, Failure To Follow Instructions

In a July 2015 complaint, a client of National Securities Corp took issue with Viqas Akhtar’s over-the-counter equities transactions. Supposedly, Akhtar failed to follow instructions. In addition, the client claimed that Akhtar made a misrepresentation relating to the products held by the client. Finally, the broker purportedly failed to follow instructions. However, National Securities Corp closed this matter as the client has reportedly taken no further action.
Prior disputes involve allegations including failure to follow instructions, unauthorized trading, or unsuitable transactions. It appears that those matters closed without resolutions as well.

Losses Through Akhtar?

Did you suffer losses because of securities broker Viqas Akhtar? If so, call Soreide Law Group at (888) 760-6552 and speak with a helpful securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered substantial compensation for hundreds of United States investors who have incurred losses from their financial advisors and securities brokers. Please note that Akhtar denies all allegations of his sales practice violations.