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Feisal Malik Has Been Sanctioned by FINRA

Feisal Malik

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 24, 2017 indicate that Pennsylvania-based Bestvest Investments broker/adviser Feisal Malik has been sanctioned by FINRA and was discharged from a former employer in connection to alleged rule violations. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Malik (CRD# 2115832).

Feisal Malik has spent 24 years in the securities industry and has been registered with Bestvest Investments in Media, Pennsylvania since June 2017. Previous registrations include Signator Investors in Allentown, Pennsylvania (2007-2016); NYlife Securities in Horsham, Pennsylvania (2006-2007); MML Investors Services in Springfield, Massachusetts (1994-2005); Pruco Securities Corporation in Newark, New Jersey (1991-1993); and the Prudential Insurance Company of America in Newark, New Jersey (1991-1993).He has passed six securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on March 5, 2010; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on February 25, 1991; Series 7 (General Securities Representative Examination), which he obtained on September 8, 1997; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on February 25, 1991; Series 51 (Municipal Fund Securities Principal Examination), which he obtained on January 20, 2010; and Series 24 (General Securities Principal Examination), which he obtained on April 7, 1999. He is a registered broker and investment adviser with two US states (New Jersey and Pennsylvania) and one self-regulatory organization: FINRA.

According to his BrokerCheck report, Feisal Malik has been sanctioned by FINRA and was discharged from a former employer in connection to alleged rule violations.

In 2016 FINRA sanctioned him in connection to allegations he sold equity-indexed annuities valued at roughly $1.3 million that were not approved by his firm, through an unaffiliated entity. FINRA also stated that he was compensated for these sales and that he did not disclose either the sales or the compensation to his member firm. He was issued a 3-month suspension and a fine of $5,000.

In 2016 he was discharged from his position at Signator Investors in connection to allegations he sold unapproved equity-indexed annuities.

If you or someone you know has lost money investing with Feisal Malik, call 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: we only get paid 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.