Bahram Mirhashemi Fired By Accelerated Capital Group, Inc. - Goodman & Nekvasil P.A, May Recover Investor Losses
Goodman & Nekvasil P.A, May Recover Investor Losses - Bahram Mirhashemi Fired By Accelerated Capital Group, Inc.
From 2012 until his firing in 2016, Bahram Mirhashemi was licensed with Accelerated Capital Group, Inc. According to FINRA’s records, Bahram Mirhashemi was fired by Accelerated Capital Group, Inc. on January 8, 2016. Accelerated Capital Group, Inc. reported to FINRA that the firm received notice that FINRA was investigating Bahram Mirhashemi for executing trades without prior authorization from the customers. FINRA was also investigating Bahram Mirhashemi for excessive, unsuitable trading and churning by Bahram Mirhashemi.
According to FINRA records, Bahram Mirhashemi was also fired by Ameriprise Financial Services, Inc., in August 2012. Ameriprise Financial Services, Inc. reported to FINRA that Bahram Mirhashemi was terminated for violating company policies relating to suitability of fixed income strategies and use of discretion.
Following Bahram Mirhashemi’s discharge by Accelerated Capital Group, Inc., FINRA investigated Bahram Mirhashemi and brought a disciplinary action against Bahram Mirhashemi. Bahram Mirhashemi was barred from the securities and investment banking industry in February 2016. Bahram Mirhashemi consented to findings that he violated FINRA rules by churning the accounts of customers by engaging in excessive and unsuitable trading for the purpose of generating commissions. Bahram Mirhashemi also consented to the finding that he placed trades in the accounts of customers for which he rarely obtained the requisite authorization from the customer prior to executing the trade. In addition Bahram Mirhashemi consented to the findings that Bahram Mirhashemi also unsuitably churned customers’ accounts costing the customers over $665,000 in overall commissions by conducting short-term equity trades in the accounts.
FINRA reports that three arbitration claims were filed alleging breach of fiduciary duty, excessive trading, and misrepresentation and omission of material fact by Bahram Mirhashemi, while Bahram Mirhashemi was with Accelerated Capital Group, Inc. and/or Ameriprise Financial Group, Inc. These claims involving Bahram Mirhashemi were settled for $165,000, $135,495.27 and $85,000. FINRA also reports that five arbitrations involving Bahram Mirhashemi’s conduct are pending, with one alleging damages of $750,000.
If you lost any money on investments with Bahram Mirhashemi while he was employed with Accelerated Capital Group, Inc. or Ameriprise Financial Services, Inc. you may be able to recover your losses from Accelerated Capital Group, Inc. or Ameriprise Financial Services, Inc. This is because Accelerated Capital Group, Inc. and Ameriprise Financial Services, Inc. had a duty to supervise Bahram Mirhashemi.
If you lost money on investments with Bahram Mihashemi, and bleive the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Accelerated Capital Group, Inc. and/or Ameriprise Financial Services, Inc. concerning Bahram Mirhashemi’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $170 million on behalf of victimized investors. If you lost money on investments with Bahram Mirhashemi and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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