Advisor Alert: Our Attorneys Are Investigating Elan Sanker For Investment Fraud
Did You Lose Money Because of Elan Sanker?
Filed: March 11, 2024
Elan Sanker has been the subject of one (1) customer complaint and one (1) termination event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Elan Sanker.
Who Is Elan Sanker?
- Advisor Name: Elan Sanker
- Aliases: Elan Sanker
- CRD: 5580543
- Location: Pennington, New Jersey
- Current Employer: Currently Not Registered
- Previous Firms: Merrill Lynch, Pierce, Fenner & Smith Incorporated and Northwestern Mutual Investment Services, LLC
- Number of Known Customer Complaints: 1
- Number of Known Termination Events: 1
- Can Elan Sanker Be Sued: Yes, in Private Arbitration
- Can Elan Sanker’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $400,000
- Highest Settlement: $217,500
If you have suffered investment losses by Elan Sanker, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Elan Sanker For Broker Misconduct
As of this publication date, Elan Sanker has been the subject of 1 customer dispute and 1 termination event. Let’s review them below.
In May 2023, Merrill Lynch, Pierce, Fenner & Smith Incorporated terminated Elan Sanker for conduct including entering into a financial arrangement with a client; failure to disclose an outside business activity and using a personal device for business purposes.
In February 2023, a complaint was filed against or in reference to Elan Sanker by a customer of Merrill Lynch, Pierce, Fenner & Smith Incorporated alleging selling away in January 2018. Per the customer, he/she lost over $400,000 because of Sanker’s actions. On February 27, 2024, Sanker settled the claim for $217,500, and some or all of this amount may have been paid by Sanker’s employer and/or insurance carrier.
How To File A Claim Against Elan Sanker (previously with Merrill Lynch, Pierce, Fenner & Smith Incorporated and Northwestern Mutual Investment Services, LLC) To Get Your Money Back
If you have questions about Elan Sanker, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Northwestern Mutual Investment Services, LLC, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.