Published on:

Pending Complaint Against Broker Maroof Miyana

 

Maroof MiyanaThe securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Florida-based Legend Securities broker Maroof Miyana (CRD# 4513966).

Maroof Miyana has spent thirteen years in the securities industry and has been registered with Legend Securities in Deerfield Beach, Florida since 2014. Previous registrations include IAA Financial in Boca Raton, Florida (2009-2015); Gunnallen Financial in Boca Raton, Florida (2004-2009); and Continental Broker-Dealer Corporation, which has since been expelled by the Financial Industry Regulatory Authority (FINRA), in Carle Place, New York (2002-2004). Mr. Miyana is a registered broker in 25 US states and territories.

According to his BrokerCheck report, Maroof Miyana is the subject of one pending customer complaint related to his conduct at IAA Financial.

In 2014 a customer alleged Maroof Miyana, while employed at IAA Financial, recommended unsuitable investments in equity-listed securities. The customer is seeking $400 in damages in the pending complaint.

According to FINRA rules and federal securities law, investment professionals like Maroof Miyana must abide by a standard called suitability, meaning they must recommend only investments that are considered suitable for their clients’ interests. Brokers must weigh such factors as the customer’s investment goals, experience, age, income, risk tolerance, and others. They may not misrepresent or omit material facts pertaining to an investment, as misrepresentations or omissions might lead a customer to invest unsuitably. Brokers who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.

 

If you have lost money investing with Maroof Miyana, you may be able to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds.  Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.