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. The law firm of Oakes & Fosher is interested in hearing from investors who believe that this may be them.

Oakes & Fosher is presently investigating the possible misconduct of former securities broker Naveed Khan. According to his publicly available FINRA BrokerCheck report, Naveed Khan has been the subject of multiple customer complaints over the course of his career.

Naveed Khan was a New York based securities broker. He worked in the securities industry for thirteen years. During his career, he was registered with eight different securities firms.

His Registrations

  • Continental Broker-Dealer Corp. (2003-2004)
  • Ladenburg, Thalman & Co. (2003)
  • National Securities Corporation (2004)
  • J.P. Turner & Company (2004-2006)
  • Great Eastern Securities (2006-2007)
  • Meyers Associates (2007-2009, 2013-2016)
  • JHS Capital Advisors (2009-2010)
  • Obsidian Financial Group (2011-2013)

The Allegations

  • In January 2011, customers alleged that Naveed Khan excessively traded their account on margin and in unsuitable investments. These alleged transgressions would have taken place between February 2007 and March 2008. This case was settled for $75,000 in damages.
  • In July 2016, Naveed Khan pled guilty to one count of securities fraud. This was due to allegations that he perpetrated an investment scheme designed to trick investors into buying shares of a particular company where he was chairman of the board. Khan allegedly bribed both registered and unregistered brokers to solicit investors to purchase stock in this company. Khan was barred by the Securities and Exchange Commission from acting as a securities broker in any fashion.
  • In April 2017, a customer alleged excessive trading and unsuitability. This case was settled for $88,671 in damages.

Oakes & Fosher Can Help

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Naveed Khan, please contact Oakes & Fosher for a free and private consultation.