Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on May 25, 2018 indicate that former Alabama-based Next Financial Group broker/adviser Arshad Hussain was terminated from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Hussain (CRD# 4247600).
Arshad Hussain has spent 16 years in the securities industry and was most recently registered with Next Financial Group in Jasper, Alabama (2007-2018). He was previously registered with Edward Jones in Jasper, Alabama (2001-2007). He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on March 1, 2001, and Series 7 (General Securities Representative Examination), which he obtained on February 26, 2001. He is currently not registered with any state or firm.
According to his BrokerCheck report, he was discharged from two former employers in connection to alleged rule violations and he has received several denied customer complaints.
In April 2018 he was terminated from his position at Next Financial Group in connection to allegations he participated in transactions that involved short-term holds on long-term products “which appeared to provide no financial benefit to the customers” and additionally that he concealed the source of funds when he inaccurately completed certain disclosure forms and applications.
In 2011 a customer alleged Arshad Hussain, while employed at Edward Jones, made unsuitable trades. The customer sought damages exceeding $5,000 in the complaint, which was denied.
In 2008 a customer alleged Arshad Hussain, while employed at Edward Jones, purchased a bond without authorization. The customer sought more than $5,000 in damages in the complaint, which was denied.
In 2007 he was discharged from his position at Edward Jones in connection to allegations involving “discretion and engaging in trading practices” which were not in alignment with firm policies.
If you or someone you know has a complaint regarding Arshad Hussain, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.