Aegis Broker Surage Roshan Perera Reportedly Arrested for 16 Count Fraud Charges
The Financial Industry Regulatory Authority, the regulator who oversees brokers and brokerage firms, has reportedly barred financial advisor Surage “Roshan” Perera from the securities industry as of July 6, 2023. Perera, who is allegedly facing fraud charges, reportedly refused to provide information in FINRA’s investigation.
According to a press release from the US Attorneys office on March 27, 2023, federal authorities arrested Perera, the founder and Executive Director of Janues Capital, Inc. in Bellerose, Queens, on securities fraud charges.
“Roshan” Perera was reportedly arraigned on a 16-count indictment charging him with securities fraud, investment advisor fraud, wire fraud, and money laundering, in connection with a scheme to induce an investor to purchase stock in companies that traded on the NASDAQ and New York Stock Exchange (NYSE).
Between February 2022 and March 2023, Perera allegedly contacted the investor to purchase stock in companies that traded on the NASDAQ and NYSE, in exchange for a fee. Perera allegedly lied to the investor that he had relationships with large institutions and could purchase shares of those publicly traded companies at discounted prices.
According to the press release, Perera also told the investor that her investment was a low-risk venture, and he would use her investment capital to purchase shares in those public-traded companies. After the investor gave Perera more than $4.2 million, he allegedly paid his personal expenses and spent the money on day trading. Perera purportedly hid the fraudulent scheme by sending fake confirmation notices and account statements to the victim, according to the complaint.
Perera is reportedly facing parallel civil charges from the SEC. If convicted, Perera faces a maximum sentence of 20 years in prison.
Surage Roshan Perera – FINRA BrokerCheck Profile
The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.
BrokerCheck provides investors with detailed information about the professional history, qualifications, and regulatory actions of brokers and brokerage firms. Investors can use the tool to verify whether a broker or brokerage firm is registered with FINRA, as well as to review their employment history, licensing status, and any regulatory actions or complaints filed against them.
According to his FINRA BrokerCheck profile, Perera was reportedly affiliated as a broker with the following firms among others:
04/18/2018 – 09/12/2022, AEGIS CAPITAL CORP. (CRD#:15007), MELVILLE, NY,
B, 11/21/2017 – 03/28/2018, MAXIM GROUP LLC (CRD#:120708), NEW YORK, NY
B, 08/04/2016 – 11/22/2017, STOCKKINGS CAPITAL LLC (CRD#:164445), NEW YORK, NY
FINRA Rule 3110 Supervision
The Financial Industry Regulatory Authority (FINRA) has several rules in place to regulate broker-dealers, including the FINRA Rule 3110 Supervision rule. This rule requires broker-dealer firms to establish and maintain a system to supervise the activities of their associated persons (e.g., brokers) to ensure that they comply with securities laws and regulations.
FINRA Rule 3110 also requires that broker-dealers establish a process for identifying and responding to red flags that may indicate potential violations or misconduct by associated persons. This includes conducting periodic reviews of customer accounts and transactions, as well as monitoring communications (e.g., email, social media) to detect potential violations.
If you have suffered losses investing with Surage Roshan Perera, the securities attorneys at the White Law Group may be able to help you. 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 dedicated to helping investors in claims in all 50 states against their financial professional or brokerage firm. Since the firm launched in 2010, it has handled over 700 FINRA arbitration cases.
Our firm represents investors in all types of securities related claims, including claims involving stock fraud, broker misrepresentation, churning, unsuitable investments, selling away, and unauthorized trading, among many others.
With over 40 years of securities law experience, including experience working at FINRA and the SEC, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions attempt to recover their investment losses. For more information, please visit our website, www.whitesecuritieslaw.com.
Tags: Aegis Capital corp, broker investigation, Janues Capital, Surage Roshan Perera Last modified: July 7, 2023