Advisor Alert: Our Attorneys Are Investigating Malay Kumar For Investment Fraud
Did You Lose Money Because of Malay Kumar?
Filed: January 30, 2024
Malay Kumar has been the subject of one (1) regulatory 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 Malay Kumar.
Who Is Malay Kumar?
- Advisor Name: Malay Kumar
- Aliases: Malay Kumar
- CRD: 2482909
- Location: Mason, Ohio
- Current Employer: Currently Not Registered
- Previous Firms: Cambridge Investment Research, Private Client Services, LLC, and Securities America, Inc.
- Number of Known Regulatory Events: 1
- Can Malay Kumar Be Sued: Yes, in Private Arbitration
- Can Malay Kumar’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: Unknown
- Highest Settlement: Unknown
If you have suffered investment losses by Malay Kumar, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker 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 Malay Kumar For Broker Misconduct
As of this publication date, Malay Kumar has been the subject of 1 regulatory event. Let’s review it below.
In November 2023, FINRA initiated a regulatory action against or in reference to Malay Kumar for willfully violating the Care Obligation of Rule 15l-1 of the Securities Exchange Act of 1934 (Reg BI) by recommending customers exchange variable annuities without reasonably considering the impact of the substantial surrender feeds and the loss of benefits and liquidity caused by the exchanges.
How To File A Claim Against Malay Kumar (previously with Cambridge Investment Research, Private Client Services, LLC, and Securities America, Inc.) To Get Your Money Back
If you have questions about Malay Kumar, Cambridge Investment Research, Private Client Services, LLC, Securities America, Inc., 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.