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FINRA Sanctions Ex-LPL Rep Suhail Khan Over Unsuitable Investments

Suhail KhanPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on July 17, 2018 indicate that former Illinois-based LPL Financial broker/adviser Suhail Khan, who has been sanctioned by FINRA and barred from acting as a broker or otherwise associating with a broker-dealer firm, is involved in a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Khan (CRD# 3168241).

Suhail Khan has spent 14 years in the securities industry and was most recently registered with LPL Financial in Chicago, Illinois (2013-2017). Previous registrations include Vision in Chicago, Illinois (2009-2011); US Financial Investments in Chicago, Illinois (2008-2009); World Group Securities in Duluth, Georgia (2002-2006); and WMA Securities in Duluth, Georgia (1999-2002). He has passed seven securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on November 26, 2007; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on March 17, 1999; Series 3 (National Commodity Futures Examination), which he obtained on June 1, 2010; Series 7 (General Securities Representative Examination), which he obtained on May 18, 2010; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on March 17, 1999; Series 30 (NFA Branch Manager Examination), which he obtained on September 22, 2010; and Series 26 (Investment Company Products/Variable Contracts Principal Examination), which he obtained on May 31, 2000. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one FINRA sanction and one pending customer complaint.

In May 2018 a customer alleged Suhail Khan, while employed at LPL Financial, recommended unsuitable and speculative investments in his “own business,” a hedge fund, oil and gas partnerships, and a real estate investment trust (REIT), some of which the customer alleges were unregistered securities. The customer is seeking $775,000 in damages in the pending complaint.

In August 2017 FINRA sanctioned him following allegations he failed to respond to FINRA request for information. He was barred from association with any FINRA member in any capacity.

If you or someone you know has lost money investing with Suhail Khan, 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.