Devindra Sukhram (David Sukhram) Formerly Licensed with Cape Securities, Inc. Suspended from Securities Industry – Goodman & Nekvasil P.A., May Recover Your Investment Losses
Goodman & Nekvasil P.A., May Recover Your Investment Losses - Devindra Sukhram (David Sukhram) Formerly Licensed with Cape Securities, Inc. Suspended from Securities Industry
David Sukhram was formerly licensed with Cape Securities, Inc. from 2011 to 2014. David Sukhram was suspended from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) for 15 days on August 17, 2016. FINRA reports that David Sukhram consented to the sanctions and to the entry of findings that David Sukhram exercised discretionary power in a customer’s account, without obtaining prior written authorization from the customer and without having the account accepted as a discretionary account by David Sukhram’s employing FINRA member firm. The findings stated that David Sukhram failed to discuss the subject trades with the customer on the day of the transactions and the firm prohibited the use of discretion in customer accounts other than time and price discretion.
FINRA also reports that an arbitration claim was filed involving David Sukhram’s conduct with Cape Securities, Inc., alleging unauthorized trading, breach of fiduciary duty, churning and breach of contract. This arbitration claim was settled for $70,000. David Sukhram contributed $50,000 to this settlement.
If you lost any money on investments with David Sukhram, you may be able to recover your losses from Cape Securities, Inc. This is because Cape Securities, Inc. had a duty to supervise David Sukhram.
If you lost money on investments with David Sukhram and believe that 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 Cape Securities, Inc. concerning David Sukhram’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 $300 million on behalf of victimized investors. If you lost money on other investments with David Sukhram 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.
Keywords: Devindra Sukhram, Cape Securities, FINRA, David Sukhram, SEC, Fraud, Attorney, Broker, Brokerage, Firm, Brokerage Firm, Invest, Lawyer, Securities Lawyer, Goodman and Nekvasil, Nekvasil, Goodman, Investor, Investment, Financial, Financial Services, SecuritiesBack to Blogs