Did you lose money investing with Pratul Agnihotri (CRD# 4031797)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Pratul Agnihotri. If you suffered losses investing with Pratul Agnihotri, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
As of April 29, 2020, Pratul Agnihotri’s FINRA BrokerCheck Report contains the following:
Disclosure Events
3 Customer Dispute(s)
1 Investigation(s)
1 Judgment(s)/Lien(s)
Current and Previous Registrations
7/11/2019 – PRESENT SW FINANCIAL (CRD#:145012) MELVILLE, NY
10/26/2017 – 01/30/2019 SPARTAN CAPITAL SECURITIES, LLC (CRD#:146251) NEW YORK, NY
02/19/2010 – 10/20/2017 AEGIS CAPITAL CORP. (CRD#:15007) MELVILLE, NY
12/05/2008 – 03/02/2010 GUNNALLEN FINANCIAL, INC (CRD#:17609) NEW YORK, NY
03/17/2005 – 10/27/2008 BASIC INVESTORS INC. (CRD#:1187) NEW YORK, NY
09/02/2004 – 03/18/2005 J.P. TURNER & COMPANY, L.L.C. (CRD#:43177) ATLANTA, GA
04/30/2004 – 10/19/2004 LH ROSS & COMPANY, INC. (CRD#:37920) BOCA RATON, FL
FINRA expelled the firm on 03/17/2005
08/20/2003 – 04/29/2004 HARRISON SECURITIES, INC. (CRD#:14103) PORT WASHINGTON, NY
FINRA expelled the firm on 12/16/2004
07/03/2002 – 08/26/2003 JOSEPH STEVENS & COMPANY, INC. (CRD#:35459) BROOKLYN, NY
03/12/2002 – 07/12/2002 MAY, DAVIS GROUP INC. (CRD#:35622) NEW YORK, NY
FINRA expelled the firm on 06/29/2006
06/18/2001 – 03/11/2002 MILESTONE GROUP MANAGEMENT LLC (CRD#:44486) LAKE SUCCESS, NY
10/19/1999 – 11/14/2000 MAY, DAVIS GROUP INC. (CRD#:35622) NEW YORK, NY
FINRA expelled the firm on 06/29/2006
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Pratul Agnihotri and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.