Feisal Ahmed Khan Malik (Feisal Ahmed Malik) Suspended from Securities Industry and Fired by Signator Investors, Inc. – Goodman & Nekvasil P.A., May Recover Investor Losses

Feisal Ahmed Khan Malik (Feisal Ahmed Malik) Suspended from Securities Industry and Fired by Signator Investors, Inc. – Goodman & Nekvasil P.A., May Recover Investor Losses

From 2007 until Feisal Ahmed Malik’s firing in 2016, Feisal Ahmed Malik was licensed with Signator Investors, Inc. Feisal Ahmed Malik is now licensed with Bestvest Investments, Ltd. According to FINRA’s records, Feisal Ahmed Malik was fired by Signator Investors, Inc. on January 20, 2016. Signator Investors, Inc. reported to FINRA that Feisal Ahmed Malik admitted to selling unapproved equity index annuities.

Subsequent to Feisal Ahmed Malik’s firing by Signator Investors, Inc. FINRA investigated Feisal Ahmed Malik and brought a disciplinary action against Feisal Ahmed Malik. Feisal Ahmed Malik was suspended for 3 months from the securities and investment banking industry and fined $5,000 on September 30, 2016. FINRA reports that Feisal Ahmed Malik consented to the sanctions and to the entry of findings that Feisal Ahmed Malik’s member firm’s procedures prohibited the sale of equity-indexed annuities (EIAs) not approved by the firm and despite this prohibition, Malik sold unapproved EIAs, valued at approximately $1.3 million, through an entity that was unaffiliated with the firm. The findings stated that Feisal Ahmed Malik was compensated for the sales of these EIAs, but did not disclose the EIA sales or his compensation to Feisal Ahmed Malik’s firm.

If you lost any money on investments with Feisal Ahmed Malik, you may be able to recover your losses from Bestvest Investments, Ltd. and/or Signator Investors, Inc. This is because Bestvest Investments, Ltd. and Signator Investors, Inc. had a duty to supervise Feisal Ahmed Malik. 

If you lost money on investments with Feisal Ahmed Malik 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 Bestvest Investments, Ltd. and/or Signator Investors, Inc. concerning Feisal Ahmed Malik’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 investments with Feisal Ahmed Malik 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: FINRA, Feisal Ahmed Khan Malik, Feisal Ahmed Malik, Signator Investors, SEC, Fraud, Attorney, Broker, Brokerage, Firm, Brokerage Firm, Invest, Lawyer, Securities Lawyer, Goodman and Nekvasil, Nekvasil, Goodman, Investor, Investment, Financial, Financial Services, Securities 

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