ABU B M FARUKH is currently employed as a Broker and/or Investment Adviser at RAYMOND JAMES & ASSOCIATES, INC. located at 575 MARKET STREET, SUITE 3900, SAN FRANCISCO, CA, 94105.
ABU B M FARUKH has worked at RAYMOND JAMES & ASSOCIATES, INC. since March 05, 2012
Disclosure History
ABU B M FARUKH has 4 Disclosure Event(s).
Date: December 12, 2011 Category: Employment Separation After Allegations Firm Name: MORGAN STANLEY SMITH BARNEY, LLC Termination Type: Discharged Allegations: FINANCIAL ADVISOR ENGAGED IN TIME AND PRICE DISCRETIONARY TRADES PER CLIENT VERBAL INSTRUCTIONS, WITHOUT WRITTEN AUTHORIZATION TO DO SO
Date: June 13, 2006 Category: Customer Dispute Allegations: CLIENT ALLEGES FINANCIAL ADVISOR MISMANAGED HER ACCOUNT FROM 2004-2005. Damage Amount Requested: $34,952.18
Date: February 28, 2001 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT FINANCIAL ADVISOR ABU FARUKH DID NOT "FOLLOW [HIS] INSTRUCTIONS" TO SELL NORTEL SYSTEMS, QUALCOM AND DISNEY, RESULTING IN A "LOSS OF $5,500.00". Damage Amount Requested: $5,500.00 Broker Comment: UPON REVIEW MSDW DETERMINED THAT THE CLAIM LACKED MERIT AND DENIED IT.
Date: July 06, 1990 Category: Customer Dispute Allegations: ALLEGED BREACH OF FIDUCIARY DUTY,UNAUTHORIZED TRADING, UNSUITABILITY, MISREPRESENTATION ANDFAILURE TO SUPERVISE DURING THE PERIOD APRIL 1987-OCTOBER1988;REQUESTED COMPENSATORY DAMAGES OF $117K PLUS UNSPECIFIEDPUNITIVE DAMAGES AND ATTORNEY'S FEES. Damage Amount Requested: $117,000.00 Settlement Amount: $65,000.00 Broker Comment: DEAN WITTER SETTLED THIS MATTER FOR $65K WITHOUTADMISSION OF LIABILITY IN EXCHANGE FOR A COMPLETE RELEASE OFANY CLAIMS CUSTOMER MAY HAVE AGAINST DEAN WITTER AND MR.FARUKH.DEAN WITTER SETTLED THIS MATTER IN ORDER TO AVOIDTHE UNCERTAINTY AND EXPENSE OF LITIGATION. MR. FARUKH WAS NOTASKED TO CONTRIBUTE TO THE SETTLEMENT.
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for ABU B M FARUKH, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.