Advisor Alert: Our Attorneys Are Investigating Tariq Muhammed Sales For Investment Fraud
Did You Lose Money Because of Tariq Sales?
Filed: January 16, 2024
Tariq Sales (also known as Terrance Sales) currently has three (3) pending judgment/lien events. Overall, he has been the subject of one (1) regulatory event, one (1) customer complaints, and three (3) judgment/lien events. 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 Tariq Muhammed Sales.
Who Is Tariq Muhammed Sales?
- Advisor Name: Tariq Muhammed Sales
- Aliases: Tariq M Sales, Terrance Sales, Tariq M Terrance, Tariqibn M Sales
- CRD: 2851440
- Location: New York, New York
- Current Employer: Currently Not Registered
- Previous Firms: Spartan Capital Securities, LLC, Newbridge Securities Corporation, and Aegis Capital Corp.
- Number of Known Customer Complaints: 1
- Number of Known Regulatory Events: 1
- Number of Known Judgment/Lien Events: 3
- Can Tariq Sales Be Sued: Yes, in Private Arbitration
- Can Tariq Sales’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $499,999
- Highest Settlement: $40,000
If you have suffered investment losses by Tariq Sales, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty 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 Tariq Sales For Broker Misconduct
As of this publication date, Tariq Sales has been the subject of 1 regulatory event, 1 customer complaint and 3 judgment/lien events. Let’s review them below.
In May 2023, FINRA initiated a regulatory action against or in reference to Tariq Sales for failing to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.
In November 2020, a FINRA arbitration was filed against or in reference to Tariq Sales by a customer of Aegis Capital Corp. alleging breach of fiduciary duty; breach of contract; and negligence. Per the customer, he/she lost over $499,999 because of Mr. Sales’s actions. On March 2, 2021, Mr. Sales settled the claim for $40,000, and some or all of this amount may have been paid by Mr. Sales’s employer and/or insurance carrier.
In January 2014, Tariq Sales was the subject of a civil judgment or lien in the amount of $66,120.20. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In July 2013, Tariq Sales was the subject of a civil judgment or lien in the amount of $4,196. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In November 2012, Tariq Sales was the subject of a civil judgment or lien in the amount of $5,599.87. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
How To File A Claim Against Tariq Sales (previously with Spartan Capital Securities, LLC, Newbridge Securities Corporation, and Aegis Capital Corp.) To Get Your Money Back
If you have questions about Tariq Sales, Spartan Capital Securities, LLC, Newbridge Securities Corporation, Aegis Capital Corp., 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.