Last Updated: December 2023 (Miami, Florida)
Nitan Bahirwani Investigation Summary
Here’s what you need to know about Miami, FL, stockbroker NItan Bahirwani:
- Name: Mr. Nitan Gobindram Bahirwani
- Current Employer: B. Riley Wealth Management
- DBA:
- Previous Firms: National Securities Corp. , NSM Securities, Aura Financial Services
- Function: Stock Broker/ Financial Advisor
- Aliases: Nitan Bahirwani
- Primary Location: Miami, FL
- CRD 4748899
- Can Nitan Bahirwani be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $300,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Nitan Bahirwani As Your Stockbroker?
Nitan Bahirwani discloses 5 prior customer disputes including a customer of National Securities Corp. who was paid $300,000 in 9/2023 to settle a FINRA arbitration alleging that Bahirwani breached his fiduciary duty. Bahirwani paid $100,000 of the settlement individually.
Allegations of Broker Misconduct Against Nitan Bahirwani
Customers of Nitan Bahirwani have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Breach of fiduciary duty
- Unauthorized Purchases of BABA & BIDU
- Failed to Put Stop Loss on Trades
- Failure to disclose Mark-ups and Mark-downs
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
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 Nitan Bahirwani, 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.
