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UBS Broker Zahir Walji Suspended and Terminated

Zahir Walji According to records provided by the Financial Industry Regulatory Authority (FINRA), former Texas-based Oppenheimer broker Zahir Walji is currently not registered to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Walji (CRD# 5073186).

Zahir Walji has spent eight years in the securities industry and was most recently registered with Oppenheimer & Company in Austin, Texas (2012-2014). He was previously registered with UBS Financial Services in Austin, Texas (2006-2012). He is currently not registered with any state or firm.

According to his BrokerCheck report, Zahir Walji is the subject of one customer complaint, one pending customer complaint, two denied customer complaints, and one regulatory sanction. He was additionally discharged from his position at UBS Financial Services.

In 2015 FINRA sanctioned Zahir Walji following allegations he engaged in outside business activities without providing proper prior notification to his member firm, UBS Financial Services. According to FINRA’s complaint, Mr. Walji sold limited partnership interests without complying with the firm’s restrictions on engaging in such. Mr. Walji was issued a $7,500 fine and a 3-month suspension from the securities industry.

In 2015 Zahir Walji was discharged from his position at UBS Financial Services following allegations he engaged in outside business activities and recommended “at least one client use credit line proceeds to make securities investments not permitted under the terms of the credit line agreement.”

In 2015 a group of customers alleged Zahir Walji, while employed at UBS Financial Services, convinced them to move funds from their UBS account to his “private business activity.” The customers sought unspecified damages in the complaint, which was denied.

In 2015 a group of customers alleged Zahir Walji, while employed at Oppenheimer & Company, solicited clients to invest in “two private business ventures” and to lend money to said ventures, and additionally that they have not received any dividends, interest, or return of the principal investment. The customers are seeking $590,000 in damages in the pending complaint.

In 2008 a customer alleged Zahir Walji, while employed at UBS Financial Services, failed to follow instructions. The customer sought $60,000 in damages in the complaint, which was denied.

If you have lost money investing with Zahir Walji, you may be entitled to recover lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you recover money. 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.