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Written by 5:28 pm Blog, Current Investigations, Securities Fraud Articles

Danial Khan Barred from Securities Industry

Danial Khan

Danial Khan  (aka Atiq Khan) – Transamerica – Covina, CA

According to the Financial Industry Regulatory Authority (FINRA), the regulator has reportedly barred former financial advisor Danial Khan from the securities industry in a default decision on September 27, 2018.

Khan was reportedly named a respondent in a FINRA complaint alleging that he failed to timely appear for testimony in response to two requests sent to him by FINRA in connection with its investigation into whether he had improperly solicited general securities and whether he had improperly inserted himself as the beneficiary on a customer’s insurance policy. The complaint alleges that subsequently, Khan completely failed to respond to two additional requests for documents sent to him by FINRA.

According to his FINRA BrokerCheck report, Kahn was registered with Transamerica Financial Advisors in Covina, CA from January 2012 until December 2016 when he was fired.

His broker record stated, “Firm identified certain customers who confirmed that representative had solicited them to purchase general securities products. Representative was not permitted by the firm to engage in the solicitation of such products. Additionally, the firm was advised by a provider company that Representative had improperly inserted himself as the beneficiary on a customer account.”

Failure to Supervise

The White Law Group is investigating potential claims regarding the liability that his former employers may have for failure to properly supervise Danial Khan.

When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

If you suffered losses investing with Danial Khan, the securities attorneys of The White Law Group may be able to help. For a free consultation with a securities attorney, please call 888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on The White Law Group, visit whitesecuritieslaw.com.




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