Advisor Alert: Our Attorneys Are Investigating Nitin Gobindram Bahirwani For Investment Fraud
Did You Lose Money Because of Nitin Bahirwani?
Filed: March 20, 2024
Nitin Bahirwani has been the subject of five (5) customer complaints. 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 Nitin Gobindram Bahirwani.
Who Is Nitin Gobindram Bahirwani of B. Riley Wealth Management?
- Advisor Name: Nitin Gobindram Bahirwani
- Aliases: Nitin Gobindram Bahirwani
- CRD: 4748899
- Location: Miami, Florida
- Current Employer: B. Riley Wealth Management
- Previous Firms: National Securities Corporation, NSM Securities, Inc., and Aura Financial Services, Inc.
- Number of Known Customer Complaints: 5
- Can Nitin Bahirwani Be Sued: Yes, in Private Arbitration
- Can Nitin Bahirwani’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $900,000
- Highest Settlement: $300,000
If you have suffered investment losses by Nitin Bahirwani, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a failure to supervise 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 Nitin Bahirwani For Broker Misconduct
As of this publication date, Nitin Bahirwani has been the subject of 5 customer disputes. Let’s review them below.
In November 2022, a FINRA arbitration was filed against or in reference to Nitin Bahirwani by a customer of National Securities Corporation alleging breach of fiduciary duty and breach of contract. Per the customer, he/she lost over $900,000 because of Bahirwani’s actions. On September 21, 2023, Bahirwani settled the claim for $300,000, and some or all of this amount may have been paid by Bahirwani’s employer and/or insurance carrier.
In November 2021, a complaint was filed against or in reference to Nitin Bahirwani by a customer of National Securities Corporation alleging unauthorized purchases of Baba & Bidu. Per the customer, he/she lost over $354,130 because of Bahirwani’s actions.
In August 2008, a complaint was filed against or in reference to Nitin Bahirwani by a customer of NSM Securities, Inc. alleging that between November 2007 and June 2008, Bahirwani failed to put stop loss on trades. Per the customer, he/she lost over $25,000 because of Bahirwani’s actions.
In March 2006, a complaint was filed against or in reference to Nitin Bahirwani by a customer of Aura Financial Services, Inc. alleging that Bahirwani explained mark-up or mark-down on securities and alleges that he should have been told this information as well as disclosure of the additional commission for ticket processing charges and fees while a customer of Aura Financial Services, Inc. therefore, the customer requests a return of all mark-ups and mark-downs. Per the customer, he/she lost over $29,350 because of Bahirwani’s actions.
In June 2004, a complaint was filed against or in reference to Nitin Bahirwani by a customer of Aura Financial Services, Inc. alleging unauthorized trading. Per the customer, he/she lost over $21,788 because of Bahirwani’s actions.
How To File A Claim Against Nitin Bahirwani of B. Riley Wealth Management (previously with National Securities Corporation, NSM Securities, Inc., and Aura Financial Services, Inc.) To Get Your Money Back
If you have questions about Nitin Bahirwani, B. Riley Wealth Management, National Securities Corporation, NSM Securities, Inc., Aura Financial Services, 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.