Last Updated: June 2024 (Miami, FLA)
Nader Gandevani Investigation Summary
Here’s what you need to know about Miami, FLA, stockbroker Nader Gandevani:
- Name: Mr. Nader Gandevani
- Current Employer: Moloney Securities
- Previous Firms: Westpark Capital, Quest Capital Strategies, NMG Capital Group, Vanderbilt Securities, Park Avenue Securities
- Function: Stock Broker/ Financial Advisor
- Aliases: Ned Gandevani, Nader M. Gandevani
- Primary Location: Miami, FLA
- CRD 2770412
- Can Nader Gandevani be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Largest Settlement or Award: $31,875
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Ned Gandevani As Your Stockbroker?
A FINRA arbitration was filed by a customer of Moloney Securities in 4/2023 alleging that Nader Gandevani was negligent and made unsuitable recommendations . In 1/2024 that case was settled for $31,875.
Allegations of Broker Misconduct Against Ned Gandevani
A customer of Nader Gandevani alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Negligence
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
FINRA Rule 2111- suitability -Regulation Best Interest
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 handled by Nader Gandevani, contact us for a complimentary consultation with an experience 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.