The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Arshad Hussain. According to his publicly available FINRA BrokerCheck report, Arshad Hussain has been terminatd from multiple securities firms.
Arshad Hussain was an Alabama based securities broker. He worked in the securities industry for sixteen years. During his career, he was registered with just two different securities firms.
His Registrations
- Edward Jones (2001-2007)
- Next Financial Group (2007-2018)
The Allegations
- In July 2007, Arshad Hussain was discharged from his position at Edward Jones. This was due to allegations that he took part in trading practices not in line with the firm’s investment policy.
- In March 2018, Arshad Hussain was discharged from his position at Next Financial Group following allegations that he executed transactions involving short-term holds on long-term products–which provided no actual financial benefit to his customers.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Arshad Hussain, please contact Oakes & Fosher for a free and private consultation.
