Mahesh Pravin Jhala Barred from Securities

FINRA recently announced that Mahesh Pravin Jhala, formerly of Investors Capital Corp. in Mayfield Village, Ohio, has been bared from association with any FINRA member in any capacity.

Without admitting or denying the findings, Jhala consented to the described sanction and to the entry of findings that he privately charged a customer who maintained multiple family securities accounts at his member firms a total or approximately $58,690 for his services as a registered representative, in addition to commissions and other compensation he received through his firms for services provided to the customer. The findings further stated that Jhala provided no additional services to the customer that justified the additional fees and concealed the private charges from his firms.

According to his FINRA BrokerCheck (CRD), prior to working as a registered representative with Investors Capital Corp., Mahesh Jhala worked as a registered representative with Questar Capital Corporation, a Minneapolis, Minnesota broker-dealer, and Capital Brokerage Corporation, a Richmond, Virginia broker-dealer.

Recovery of Investment Losses

If you have questions regarding investments you made with Mahesh Pravin Jhala or Investors Capital Corp., or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help.

The White Law Group is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

The firm has over 30 years of experience reviewing securities fraud claims and handles matters throughout the country and Ohio, including reviewing securities fraud cases in Mayfield Village, Dayton, Miami, Columbus, and Cincinnati. To contact the firm, please call 888-637-5510. Or, for more information on The White Law Group, please visit our website at http://whitesecuritieslaw.com.