The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Imran Razvi. According to his publicly available FINRA BrokerCheck report, Imran Razvi has been the subject of multiple customer disputes.

Imran Razvi was a Maryland based securities broker. He worked in the securities industry for eighteen years. During his career, he was registered with five different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Mutual of Omaha Investor Services (1998-2005)
  • NYLife Securities (2005-2011)
  • Park Avenue Securities (2011-2014)
  • The O.N. Equity Sales Company (2014-2016)
  • Lincoln Financial Securities Corporation (2017-2018)

The Allegations

  • In April 2018, a customer alleged that Imran Razvi recommended an unsuitable investment and failed to disclose the risks associated with the investment. This case was settled for $67,485 in damages.
  • In October 2018, another customer alleged that Imran Razvi recommended an unsuitable investment and failed to disclose the appropriate risks of this non-registered investment. This case was settled for $32,514 in damages.

Misrepresentation and Omission

Securities brokers, like Imran Razvi, have a duty to their customers to disclose all relevant information associated with potential investments and to disclose that information honestly. When a securities broker leaves information out when pitching an investment to their customers, it is referred to as omission. When a securities broker communicates falsified information to their customers it is known as misrepresentation. These two allegations are very serious charges because it can cause investors to purchase securities that they would not have otherwise purchased had they known all the accurate information.

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 Imran Razvi, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.