Last Updated: January 2025 (Dallas, TX)
Rajesh Markan Investigation Summary
Here’s what you need to know about Dallas, TX, former stockbroker Rajesh Markan:
- Name: Rajesh Markan
- Last Registered Employer: Hilltop Securities, Inc. Barred from acting as a broker by FINRA.
- Prior Employers: Merrill Lynch, Citigroup
- CRD Number: 4553309
- Function: Former Stockbroker / Financial Advisor
- Primary Location: Dallas, TX
- Aliases: Rajesh Markan
- Can Rajesh Markan be sued in FINRA arbitration? Yes
- Terminated by a Prior Employer: Yes
- Sanctioned by FINRA: Yes, permanently barred as of October 1, 2024
- Pending Customer Disputes: Total claims exceed $4,420,000
If you’ve sustained damages from Mr. Markan, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Rajesh Markan As Your Stockbroker?
Rajesh Markan has been named in numerous customer disputes and has been sanctioned by FINRA:
- Regulatory Sanctions: In October 2024, FINRA barred Mr. Markan from the securities industry after he refused to provide documents and information requested during an investigation into allegations of fraud, wrongful taking of property, violation of industry standards of conduct.
- Pending Arbitration Claims:
- A $1,200,000 claim, filed on October 23, 2024 (Case #24-02289), filed by a Merrill Lynch customer, alleges misappropriation of funds related to an outside investment.
- A $300,000 claim, filed on November 25, 2024 (Case #24-02499), filed by a client of Merrill Lynch, alleges misappropriation of funds related to an outside investment.
- Additional disputes also make allegations of misappropriation of funds and fraudulent investment solicitations.
Investigations involving Theft and Misappropriation of Customer Funds
Allegations of Broker Misconduct Against Rajesh Markan
Customers and regulators have alleged the following misconduct against Rajesh Markan:
- Fraudulent Investment Recommendations:
Clients allege that Mr. Markan solicited investments in fraudulent hedge funds using fabricated prospectuses and false information. This violates FINRA Rule 2010, which requires brokers to maintain high standards of commercial honor. - Misrepresentation and Misappropriation of Funds:
Numerous claims involve allegations of misrepresentation and misappropriation of customer funds. - Failure to Cooperate with FINRA Investigation:
FINRA permanently barred Mr. Markan from the securities industry after he failed to comply with requests for information, violating FINRA Rule 8210, which requires cooperation in regulatory investigations. - Employment Termination Following Allegations:
Markan voluntarily resigned from Merrill Lynch in October 2022 after failing to disclose a loan to a client, which constituted a violation of firm policies.
See FINRA Rule 3240 Borrowing From or Lending to Customers
FINRA requires brokers to disclose customer complaints, regulatory actions, and employment terminations, as these factors are critical for evaluating the trustworthiness of financial professionals.
Recover Your Investment Losses Now With Rex Securities Law
See this for our prior investigations of Merrill Lynch brokers.
If you have suffered investment losses in an account handled by Rajesh Markan, 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.