Anna Khai a/k/a Anna Khatchatrian Formerly Licensed with Morgan Stanley, Barred From Securities Industry – Goodman & Nekvasil P.A., May Recover Your Investment Losses
Goodman & Nekvasil P.A., May Recover Your Investment Losses - Anna Khai a/k/a Anna Khatchatrian Formerly Licensed with Morgan Stanley, Barred From Securities Industry
Anna Khai was licensed with Morgan Stanley from 2012 to 2014. Anna Khai was previously licensed with HSBC Securities (USA) Inc. Anna Khai was barred from the securities industry by the Financial Industry Regulatory Authority (FINRA) on July 28, 2014. FINRA reports that Anna Khai failed to respond to FINRA request for information.
Prior to Anna Khai’s bar from the securities industry by FINRA, an arbitration claim involving Anna Khai’s conduct with Morgan Stanley Smith Barney, LLC was filed, alleging wrongful conduct, breach of fiduciary duty, constructive fraud, fraud by misrepresentation and omission, breach of written contract, failure to supervise, and violation of state and federal securities laws, NASD Rules of Fair Practice and NYSE Rules. This case did not settle and proceeded to final hearing. The causes of action relate to Claimants’ allegations that Anna Khai ran a Ponzi scheme, took personal loans, and recommended unsuitable investments including the Jackson National Life annuity. The arbitrator found Morgan Stanley Smith Barney, LLC liable and ordered Morgan Stanley Smith Barney, LLC to pay $825,000, which included punitive damages in the amount of $165,000. The arbitration panel specifically found that Morgan Stanley’s “hiring process was not sufficient to vet” Anna Khai.
FINRA also reports that a lawsuit was filed involving Anna Khai’s conduct with Morgan Stanley Smith Barney, alleging Anna Khai misappropriated approximately $500,000 in HELOC loans to finance an outside business interest and that the client suffered substantial lost business profits as a result of the misappropriation. This lawsuit was settled for $927,500.
If you lost money on investments with Anna Khai, or if funds were misappropriated from you, you may be able to recover your losses from Morgan Stanley and/or HSBC Securities (USA) Inc. This is because Morgan Stanley and HSBC Securities (USA) Inc. had a duty to supervise Anna Khai.
If you lost money on investments with Anna Khai and believe that the investments may have been unsuitable or otherwise improper for you, or if funds were misappropriated from you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Morgan Stanley and/or HSBC Securities (USA) Inc. concerning Anna Khai’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 Anna Khai, or if funds were misappropriated from you, 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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