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Broker Hossein Yekani: Seven Customer Complaints

Hossein Yekani Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on December 12, 2016 indicate that former California-based New England Securities broker Hossein Yekani is currently not affiliated with any broker-dealer firm. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Yekani (CRD# 1632842).

Hossein Yekani has spent 26 years in the securities industry and was most recently registered with New England Securities in Woodland Hills, California (1988-2014). Previous registrations include Signator Investors in Boston, Massachusetts and NYLife Securities in New York, New York. He is currently not registered with any state or firm.

According to his BrokerCheck report, Hossein Yekani has received seven customer complaints.

In 2014 a customer alleged Hossein Yekani, while employed at New England Securities, did not explain the surrender charges associated with a variable life insurance policy. The complaint settled for more than $24,400.

In 2014 a customer alleged Hossein Yekani, while employed at New England Securities, misrepresented material facts. The complaint settled for more than $14,800.

In 2013 a customer alleged Hossein Yekani, while employed at New England Securities, recommended an inappropriate annuity investment. The complaint settled in 2014 for $18,435.

In 2011 a customer alleged Hossein Yekani, while employed at New England Securities, did not disclose all the risks associated with certain investments. The complaint settled for $80,000.

In 2011 a party of customers alleged, while employed at New England Securities, he solicited they take out loans on personal and business properties in order to finance variable life insurance premiums. The complaint settled for $400,000.

If you have complaints regarding Hossein Yekani, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: you will only pay Fitapelli Kurta if and when you collect 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.