Ramnik Aulakh was registered with Success Trade Securities, Inc. from March 30, 2009 until his termination on April 23, 2013. Prior to his employment at Success Trade Securities, Ramnik Aulakh was employed by LPL Financial from June 12, 2008 to March 27, 2009. Mr. Aulakh is not currently registered with any FINRA member firms.
On October 10, 2013, Ramnik Aulakh and FINRA entered into a letter of acceptance, waiver and consent, known as an AWC (No. 2012034211302). According to the AWC, while Aulakh was registered at Success Trade Securities, Inc., FINRA filed a complaint against him alleging that he engaged in an $18 million offering fraud in connection with the sale of promissory notes issued by Success Trade, Inc. (Disciplinary Proceedings No. 2012034211301). In connection with this complaint, Mr. Aulakh failed to appear or testify, which is a violation of FINRA Rule 8210 and 2010.
In addition to the AWC, Ramnik Aulakh also has a disclosure for pleading guilty to misdemeanor assault in Arlington Virginia on March 9, 2013. There is also a disclosed, pending, customer complaint weeking $215,000 in damages sought in connection with misrepresentations made in the connection of the sale of certain securities (FINRA Case No. 13-01311).
In connection with the AWC, Ramnik Aulakh consented to a bar from associating with any FINRA member in any capacity. For more information on Mr. Aulakh’s bar please visit FINRA’s website.