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Written by 3:51 pm Blog, Current Investigations, Securities Fraud Articles

Suhail Khan Barred from Securities Industry

Suhail Khan

Broker Suhail Khan – LPL Financial – Chicago, IL

Are you concerned about your investments with former financial advisor Suhail Khan? If so, the securities attorneys at The White Law Group may be able to help you.

According to the Financial Industry Regulatory Authority (FINRA), the regulator has barred former advisor Suhail Khan , formerly registered with LPL Financial, LLC in Chicago, Illinois. In August 2017 Khan failed to respond to requests by FINRA for documents and information.

In May 2018 a customer filed a complaint alleging that between 2013 and 2017, the advisor recommended unsuitable, speculative investments in the advisor’s own business, a hedge fund, oil and gas partnerships, and a real estate investment trust and that some of these investments were unregistered securities.

According to his FINRA BrokerCheck Report, Khan was associated with LPL Financial in Chicago, IL from May 2013 until April 2017.

Khan’s disclosures state a number of outside business activities including Omni Casualty and Property Insurance and SK Associates Financial.

“Selling Away”

The White Law Group is investigating the liability that Khan’s former employer, LPL Financial may have for his alleged actions in regards to his outside business activities.

When a FINRA registered representative conducts business outside the scope of the brokerage firm where they are registered, the act can be considered “selling away.”

Some brokers, looking to supplement their income, will go outside the traditional market, trying to find other products to push.

If a registered broker “sells away” from their firm, the brokerage firm may still be liable for negligent supervision of their broker representative and may be responsible for investment losses in a FINRA dispute resolution claim.

If you have invested with Suhail Khan and are concerned about your investments, the securities attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call our offices at 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 Vero Beach, Florida.

For more information on The White Law Group, please visit our website at https://whitesecuritieslaw.com.



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