Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Viqas Akhtar (also known as B. Akhtar) [CRD#: 5624412, Miami, Florida].
Viqas Akhtar has been employed at four firms over his 14-year career. He is currently registered with B. Riley Wealth Management, where he has worked since July 22, 2022. Prior to this, Akhtar worked for National Securities Corporation from November 14, 2012, to July 22, 2022.
Recent disclosures reveal concerns about Akhtar’s conduct, including allegations of unauthorized trading, excessive trading, and unsuitability.
On November 8, 2023, a client of B. Riley Wealth Management alleged that Viqas Akhtar entered transactions without authorization and excessively traded the client’s account. The client has requested damages totaling $192,995.00. This matter is currently pending resolution.
On July 1, 2023, a client of National Securities Corporation filed a FINRA arbitration (Case No. 23-01808), alleging unsuitable investments and excessive trading involving special purpose vehicles and listed equities. The client requested damages exceeding $5,000. This matter is pending arbitration.
On March 17, 2020, a client of National Securities Corporation alleged that Akhtar engaged in unsuitable investment recommendations involving private placements. The client requested $150,000. On August 25, 2021, the case was settled for $37,500.
On March 4, 2020, another client of National Securities Corporation alleged that Akhtar recommended unsuitable private placements. The client initially requested $85,000. On October 26, 2021, the matter settled for $37,500. Akhtar stated that all investments were suitable based on the client’s objectives and expressed intent to defend the claims vigorously.
On October 3, 2019, a client of National Securities Corporation alleged unauthorized trading involving over-the-counter equities. The client requested $8,000 in damages.
On July 26, 2015, a client alleged failure to follow instructions, misrepresentation, and unauthorized trading. The client requested $50,000 in damages.
On March 19, 2015, a client alleged unauthorized trading and unsuitability involving over-the-counter equities. The client requested $60,000.
On October 3, 2013, a client alleged unauthorized trading involving over-the-counter equities. No damages were specified.
On December 1, 2011, a client of vFinance Investments alleged unauthorized trading, suitability issues, and failure to follow instructions involving over-the-counter equities. The client requested $7,132 in damages.
Looking for more information about Viqas Akhtar? If so, reach out to Soreide Law Group online (contact us) or at (888) 760-6552 to speak with a securities attorney. Soreide Law Group represents investors nationwide, handles cases on contingency, advances necessary costs, and works to recover losses caused by sales practice violations, though recovery is not guaranteed. Akhtar and the firms he worked for deny accusations of sales practice violations.
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