Last Updated: December 2023 (Flagstaff, AZ)
Dharmesh Vora Investigation Summary
Here’s what you need to know about Flagstaff, AZ, advisor Dharmesh Vora:
- Name: Mr. Dharmesh Virendra Vora
- Current Employer: Vora Wealth Management (RIA)
- Previous Firms: Global Financial Private Capital, North Harbor Advisers
- Function: Registered Investment Advisor
- Aliases: Dharmesh Vora
- Primary Location: Flagstaff, AZ
- CRD 2629494
- Subject of regulatory investigation: Yes
- Highest Settlement or Award: $210,000
- Pending Customer Dispute Seeks Damages of $162,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Dharmesh Vora As Your Advisor?
In 8/2023 the United States Securities and Exchange Commission instituted an investigation into Vora Wealth Management’s practices of recommending equity linked notes (ELN’s) to customers. This investigation is pending.
There are 4 pending customer disputes alleging various causes of action in connection with the recommendation to invest in structured notes. Total damages sought cumulatively on these cases is more than $2.8 million.
In addition, three cases have been settled for a total amount in excess of $488,000.
Allegations of Broker Misconduct Against Dharmesh Vora
Customers of Dharmesh Vora have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Gross Negligence
- Unauthorized Trading
- Elder Abuse
- Dishonest and unethical practices
- Breach of implied duty of good faith and fair dealing
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account at Vora Wealth Management, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.