Were you the victim of National Securities Corporation broker Viqas Akhtar (CRD# 5624412)? He has been registered with B. Riley Wealth Management in Miami, Florida, since 2022. He was registered with National Securities Corporation in Miami, Florida, from 2012 to 2022.
Viqas Akhtar Customer Complaints
He has been the subject of seven customer complaints between 2011 and 2020, four of which were closed without action, according to his CRD report:
November 2023. “Client alleges Registered Representative entered transactions without authorization and traded client’s account excessively.” The customer is seeking $192,995 in damages. The complaint was regarding equity OTC and common and preferred stocks. It took place while he was registered with B. Riley Wealth Management.
July 2023. “Alleges unsuitable investments and excessive trading.” The customer is seeking $5,000 in damages. The complaint was regarding common and preferred stocks and a special purpose vehicle. It took place while he was registered with National Securities Corporation.
March 2020. “Suitability.” The customer sought $150,000 in damages, and the case was settled for $37,500. The complaint was regarding private placements. It took place while he was registered with National Securities Corporation.
March 2020. “Suitability.” The customer sought $85,000 in damages, and the case was settled for $37,500. The complaint was regarding private placements. It took place while he was registered with National Securities Corporation.
October 2019. “Unauthorized trading.” The customer is seeking $8,000 in damages, and the case was settled for $9,539. The complaint was regarding equity OTC. It took place while he was registered with National Securities Corporation.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, National Securities Corporation may be liable for investment or other losses suffered by Viqas Akhtar’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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