April 13, 2016
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.
FINRA records are public and can be accessed on the BrokerCheck website.
The FINRA records of Enver R. Alijaj , report that he is currently named in 9 pending customer disputes, 2 pending criminal matters and has an outstanding lien in the amount of $37,438 in favor of American Express Centurian Bank.
In 2014, one of Alijaj’s former customers at JHS Capital Securities, won a $1 million award against Alijaj. JHS Capital Securities had made a confidential settlement prior to the arbitration hearing. See this for details.
In the currently pending cases the customers make allegations that Alijaj made unsuitable investments, churned and made excessive trades in the accounts, over concentrated the accounts and was grossly negligent. Total alleged damages in the pending cases exceed $3 million. See FINRA record for details.
FINRA records report Alijaj was employed in the securities most recently as follows:
- 4/2013-8/2013 Avenir Financial Group
- 12/2010-4/2013 Legend Securities Inc.
- 4/2010-12/2010 First Midwest Securities
- 6/2009-4/2010 JHS Capital Securities
Alijaj was “permitted to resign” from Legend Securities in March 2013 with the following allegation from his former employer:
“During FINRA mandated suspension from 1/22/2013-3/21/2013, Mr. Alijaj was prohibited from entering Legend’s offices. However, the firm has learned that Mr. Alijaj violated this prohibition by coming into Legend’s office after hours. In addition Mr. Alijaj failed to respond to compliance inquiries in response to firm oversight.”
If you have losses in an account handled by Enver Alijaj, you may be able to recover damages from his former employer.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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