Imran Razvi, formerly with Lincoln Financial Securities Corp., Suspended from Securities Industry
Have you lost money with financial advisor Imran Razvi from Frederick, Maryland? We are looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Imran or Raz Razvi. FINRA suspended Razvi from the securities industry for six months and fined him $5,000. Razvi was being investigated regarding allegations that he sold in investments in the Woodbridge Group of Companies. In December 2017, Woodbridge filed for bankruptcy, and investors have suffered substantial losses.
Imran Razvi was a registered representative and financial advisor with Lincoln Financial Securities Corp. from April 2017 to March 2018. He worked out of a branch office in Frederick, Maryland. Razvi has been the subject of two customer complaints as well.
Broker-dealers like Lincoln Financial Securities Corp. have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Maryland. Our attorneys have represented over one thousand investors against many brokerage firms in the past.