Elias Hakimian – Broker Elias Hakimian Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Elias Hakimian a/k/a Elias Moses Hakimian is a previously licensed financial advisor licensed financial advisor with LPL Financial LLC. According to FINRA, Elias Hakimian was fined $5,000 and was suspended from the securities industry for 3 months in May 2021.
According to FINRA Allegations:
In March 2011, Hakimian borrowed $120,000 from an LPL customer with whom he had a close friendship. Hakimian signed a loan agreement and agreed to pay 10 percent interest per year, with the note to be repaid within two years. The loan was then extended and restructured several times. In 2019, Hakimian fully repaid the loan. LPL’s policies prohibited its registered representatives from borrowing money from customers except in certain limited circumstances, none of which applied to the loan Hakimian received from the customer. The firm’s policies also required its registered representatives to receive approval prior to borrowing money from customers. At no time did Hakimian seek or receive approval from LPL to enter into the loan agreement.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Elias Hakimian and believe 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 concerning Elias Hakimian’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 $200 million on behalf of victimized investors. If you lost money on investments with Elias Hakimian 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.
Some of the information in this blog post was obtained on 4/21/2021 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.