Did you lose money investing with Chams Khwaja (a/k/a Sean Khwaja) (CRD# 6906622)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Chams Khwaja (a/k/a Sean Khwaja). If you suffered losses investing with Chams Khwaja (a/k/a Sean Khwaja), then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of May 24, 2020, Chams Khwaja (a/k/a Sean Khwaja)’s FINRA BrokerCheck Report contains the following:
Not currently registered as broker.
Disclosure Events
1 Regulatory Event(s)
UPDATE 6/26/2020: According to FINRA’s June 2020 Disciplinary Actions: Chams Khwaja (CRD #6906622, Syosset, New York) April 1, 2020 – Khwaja was named a respondent in a FINRA complaint alleging that he failed to provide information and documents requested by FINRA during the course of its investigation of another individual registered with FINRA. The complaint alleges that during FINRA’s investigation, the other individual testified that Khwaja, to whom he was related, had conducted business activities through two companies. Khwaja did not disclose any outside business activities to his member firm, including any activities involving the companies. (FINRA Case #2019063626701)
UPDATE 5/24/2020: See FINRA Complain in Disciplinary Proceeding No. 2019063626701
Current and Previous Registrations
02/07/2018 – 04/27/2018 WORDEN CAPITAL MANAGEMENT LLC (CRD#:148366) Melville, NY
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
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.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. 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.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Chams Khwaja (a/k/a Sean Khwaja) 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.
